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Ryan Carson, Proof's new Chief Operating Officer, leads a panel discussion on wallet security. This discussion was recorded live in the private Proof Collective Discord group and will be the first of many Proof Collective Sessions.

SELECTED LINKS FROM THE EPISODE

SHOW NOTES

  • Kevin Rose introduces Ryan Carson as Chief Operating Officer at PROOF. [00:08]
  • Ryan Carson introduces Kyle Thornton and Emanuele Cesena. [03:57]
  • Your seed phrase is a 'secret number' encoded as words, allowing crypto wallet access. [06:12]
  • Don't take a picture of your seed phrase or store it on a computer. [09:03]
  • Seed phrase hygiene: keep multiple independent accounts. [11:34]
  • Your seed phrase allows access to all accounts — each consisting of an address and a public and private key. [13:12]
  • Ledger allows users to generate a seed phrase that never touches their computer. [14:27]
  • Hot wallets that display your seed phrase on the screen -- like MetaMask -- aren't secure. [15:41]
  • For optimal security, store seed phrases on paper or metal in a safe. [18:37]
  • Use a hardware wallet for optimal crypto security; here's how to switch from MetaMask. [19:46]
  • Smart minting and the possibility of connecting a hardware wallet to MetaMask. [22:48]
  • NFT holders should avoid blind signing from untrustworthy sites. [24:27]
  • PROOF uses Collab.Land to check for passes and grant Discord access. [28:35]
  • How Emanuele fell victim to an NFT scam in Discord. [29:22]
  • Ryan introduces Jack Rhysider. [32:36]
  • How a Bored Ape NFT holder was scammed out of 13 Mutants. [33:18]
  • Use Etherscan's token approval checker to see which tokens can be controlled on your behalf. [36:00]
  • As your NFT collection grows, consider segmenting accounts. [40:16]
  • How to manage and revoke OpenSea's token allowance permissions. [44:05]
  • Why OpenSea grants Wyvern access to infinite wrapped ETH. [46:44]
  • Never share your seed phrase with any website or person. [48:14]
  • Your seed phrase should be difficult to access — even for you. [49:32]
  • Although encrypted, MetaMask stores seed phrases on your computer. [50:27]
  • Is using a Ledger hardware wallet on public Wi-Fi safe? [51:37]
  • Kyle Thornton engraved his 24-word seed phrase on a steel plate. [52:57]
  • To secure your Coinbase account, use a separate email address and Google Authenticator. [53:44]
  • Using a 25th-word passphrase, one seed phrase can be tied to multiple wallets. [56:05]
  • NFT airdrops can have security risks; here's what to look out for. [58:08]
  • Are 12-word seed phrases less secure than 24-word seed phrases? [1:00:31]
  • MetaMask stores seed phrases on your computer; users are vulnerable to hacking. [1:01:46]
  • If you don't FOMO mint, there's no reason to use a hot wallet. [1:05:14]
  • For crypto security, are Macs safer than Windows PCs? [1:06:38]
  • If you accidentally interact with a malicious smart contract, hardware wallets won't protect you. [1:07:53]
  • Traveling with a hardware wallet isn't a security risk. [1:09:02]
  • The moment you store a seed phrase on a computer, it's compromised. [1:10:02]
  • Blind signing is a major hardware wallet attack vector. [1:11:07]
  • Shamir's secret sharing: how to split your seed phrase for optimal security. [1:14:36]
  • Taking seed phrase security to the next level: preventing the evil maid attack. [1:17:13]
  • Whitelist minting: is using a Ledger hardware wallet a security risk? [1:20:10]
  • Generate a new seed phrase after purchasing a Ledger hardware wallet. [1:24:24]
  • Group outro. [1:25:48]