fedimint VS trezor-firmware

Maybe Fediment could be a promising way to store your Bitcoin. I've been keeping an eye on how this is progressing.

You might be interested in what is going on with Fedimint

Something like planetary fedimints or similar https://fedimint.org/

I hate to say it, but I believe most people aren't responsible. I think new options to on-board people which bring more comfort will be needed for mass adoption. Maybe a community custody platform such as Fediment or whatever the folks over at Ego Death Capital are up to that seems to have Jeff Booth and others just ecstatic. However I fear massive on-boarding comes with a lot of people still trusting an investment firm.

You might find https://fedimint.org/ interesting if you're not familiar - i could see bitcoin custody becoming a community centric thing but time will tell :D

when i start the scripts this error keeps popping up . I am running the scripts referring to this github repo https://github.com/fedimint/fedimint/blob/master/docs/dev-running.md

Fedminit: https://fedimint.org

In Cashu, a mint is a single custodian, while Fedimint is designed around a multiple federated mints in a multisig. Both issue e-tokens signed with blind signatures. Both of them also integrate with the Lightning network, so users of the minted cash can make use of the rest of Bitcoin ecosystem for payments.

The Bitcoin base chain can handle about 7 transactions per second, lighting theoretical upper limit is up to 1,000,000 transactions per second. You can use lighting without managing a node yourself. There are even projects[0] in development that allows for community custody, so it stays trustless even when using a custodian.

0: https://fedimint.org/

https://trezor.io/ - Easy to use, no matter how new in Bitcoin you're.

Added (November 2021): https://github.com/trezor/trezor-firmware/pull/1903

Next thing to have is a hard wallet if you haven’t already like a Ledger or a Trezor and let it sit there. That’s the safest thing to do! Also, there’s always been a risk of KYC (Know Your Customer) on CEXes as mentioned several times. This was all meant to be decentralized and keep our identity under wraps and retain that anonymity that crypto was originally designed for… and you get a hold of your keys.

https://trezor.io/ - Easy to use, no matter how new in Bitcoin you're.

where "x.y.z" is the VERSION of trezor (aka TrezorCTL) you are trying to install. See the version history when picking a version. "Oldest" is not necessarily "best". You'll want to pick a version that was released around the same time your Trezor-1 was last updated.

I've purchased a Trezor model T from what I believe is the official Trezor website (https://trezor.io/). Is it rational for me to have a slight fear that it isn't a legit trezor and maybe the chip is compromised, possibly being able to send off my seed to an unknown party?