Bitcoin
Don’t talk about your bitcoin!
Why operational security and being mindful with whom you share information is an important aspect of Bitcoin security.
Sebastian
22 May 2025 • 6 min read
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Avoid bragging
Putting the altruistic idea of peer-to-peer cash aside, Bitcoin has been a great asset to own over the last few years when it comes to return on investment. Many have purchased their coins at significantly lower prices than we see today, and some may even consider themselves rich now – and that’s great!
However, this high financial success can also result in a need to share the story with family members, friends or even strangers. First and foremost, you should be aware of when this “desire to brag” comes up and stay on top of it. It may be perfectly fine to share the fact that you own bitcoin with a close friend, but it may be out-of-line to share how much bitcoin you own with a stranger in a café, where even more strangers might be listening in. Of course, this entirely depends on your personal situation and how you value your privacy at any given moment.
In any case, bragging about your wealth is rarely a good idea, especially in front of strangers. The main reason for this is how difficult it can be to accurately predict what the other person is gonna do with the information that, for example, you “own six figures in bitcoin”. They may forget it five minutes later, but they might also start to envy you, develop negative feelings – or in the worst case, come up with a plan on how to get a slice of the pie!
Even if you do want to tease your friends and family a bit with your “Bitcoin gains”, it’s probably better to do so in a private environment and without revealing too many specifics. This is not to say you shouldn’t trust anyone at all, but to be more aware of who you entrust with what information.
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No one needs to know about your bitcoin holdings except the executor of your estate.
One of the more interesting USE CASEs of ₿ is the ability to transfer assets without the Gooferment involvement. And, this is important even if you’re NOT in a Third World Country. Here in the USA, the IRS wants you to report all capital gains. Even in ₿! They have coerced the various Crypto Exchanges to cooperate by rating you out to the IRS under KYC rules.
Remember not your keys; not your coins.
AND
TRUST NO ONE, EVER.
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Posted by reinkefj 
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