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KYC and Brainwallets – YMB Podcast E85

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This is episode 85 of You, Me, and BTC - your liberty and Bitcoin podcast!

First up this week, we're sharing some thoughts about the significant amount of personal information that Bitcoin exchanges collect. Some people even think they have more stringent KYC measures than banks. As much as we hate this kind of surveillance, we'll explain why we still don't really blame companies like Coinbase and BitPay.

Then later in the show, we'll share some news about a white hat hacker who is planning to publicly release a powerful brainwallet cracker. We'll touch on why brainwallets can be insecure, how you can store your coin more safely, why it's a good thing to make hacking tools like this public, and much more.

Your hosts this week are Tim Baker, Daniel Brown, and John Stuart. Enjoy!

Leave a comment and tell us if you think it's better or worse for big Bitcoin companies to strictly enforce regulations!

We'd also like to thank this episode's sponsor, LuckyBit.


  1. Well the best thing for creating a true random generator easily and securely is through random hardware number generators instead of relying on third party services. You can purchase those pretty cheaply, I know certain paper wallet printers include them like Piper wallet. That is a good start in the right direction you could use that for example in order to be able to create a brain wallet and then no one will ever be able to guess your password as the entropy will be impossible to crack.

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