Using a crypto hardware wallet (also called cold storage) can be tricky. Don't be like us and wait to the last minute to try to move funds off cold storage into a hot software wallet to buy an NFT or other blockchain asset purchase.
You could miss out when a successful acquisition an asset is all about the timing.
Worse yet, you could lock up your cryptocurrency private keys on a hardware wallet forever and never get access to your assets again!
There are examples of people getting paid in the early days of blockchain in bitcoin to deliver something, like a pizza. Don't be the guy who throws out his computer only to realize the passwords on the hard drive could unlock that bitcoin today, worth millions $$$!
In acquiring a Cockpunch, Mark learned some finer details about his Ledger and Trezor hardware wallets.
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1:18 - COCKPUNCH mint vs Opensea price comparison
2:40 - Ledger crypto hardware wallet transfer obstacles and a Catch-22
5:40 - Jason asks stupid questions about where the coins / cryptos are actually stored. Mark gives a kickass analogy to help clean up Jason’s ignorance.
7:44 - Jason asks how crypto “boxes” get created
9:01 - Private keys and user wallets vs custodial wallets
12:00 - Wrench attacks
13:14 - Blockchain is more secure than a bank, but also more dangerous
15:05 - Seed phrases and private keys
16:38 - How much did that pizza delivery cost? And how much was lost?
18:00 - It’s still really early, so you can still do well in blockchain, whether for work or investing
20:57 - Enter the Trezor hardware wallet… more obstacles
23:04 - New Ledger Stax touch screen device
24:05 - Holding crypto inside standard financial services, like Fidelity, has its merits for mom and dad
26:20 - More COCKPUNCH launch details: allow list, watchlist, and general public countdown clocks
29:04 - NFT Royalty rates and payout enforcement
30:08 - Total $ value changing hands after 8 hours post launch
31:45 - Why revealing the NFT images was delayed for two days
34:40 - Holders will gain access to 3D files for their Cockpunch
38:00 - The IP opportunities built into the Cockpunch storyworld
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