Covenants vs Spam Concerns

Chris Seedor joins the podcast to discuss the terrifying rise in physical Bitcoin attacks and how to mitigate risk. We cover stainless steel backups, multi-sig setups, and why AI-driven phishing is changing the security game forever.

Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin.

Chris Seedor of Seedor & Bitsurance joins us to talk about the rising threat of physical "wrench attacks" and advanced Bitcoin self-custody. We discuss the 70% spike in violence against BTC owners, using Miniscript for time-locked security, and how AI-driven phishing is bypassing video IDs. Chris explains why simple seed phrases are high-risk and how protocol changes like covenants could revolutionize reactive security for all holders.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:

* Physical attacks up 70% since 2024 

* 74 documented Bitcoin physical attacks 

* 1 in 10 kidnappings resulted in death 

* Successful attacks occur 66% of the time 

* $1.5B Ethereum stolen in Bybit hack 

Timstamps

00:00 Start

03:26 Chris has a real job?

05:40 Hardware wallet vs steel backup?

08:12 Understanding your risk surface area

11:17 Attacker landscape

15:50 Shift in mindset

17:10 Even smart people get scammed

18:38 AI supercharging scams

20:50 New ways of securing your BTC

23:48 What's happening technically

25:58 Security on other chains

28:42 Softforks

31:53 Tools for the baddies (ordinals / runes)

👉CleanSpark

CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

👉Luxor, Blockspace's preferred mining pool

Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining