Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:00
I'm just going to check the price
0:02
of Bitcoin . Guess what the price of
0:04
Bitcoin is right now . Just take a wild guess . If we're talking
0:06
Canadian or US , I
0:08
don't know the price in Canadian dollars , so
0:10
let me convert . You're probably pretty close . Actually
0:13
, seriously , it doesn't pop right up
0:15
. Would you say 32 ? It's actually 36 . So
0:17
you're pretty close , but I thought you
0:19
were gonna guess in American dollars , and
0:22
American at 26.6 thousand
0:24
US dollars . There are
0:26
welcome to episode 96 of the have a Report podcast
0:29
. Just gonna verify how many days there actually
0:31
was until the Bitcoin halon . Oh , I shouldn't
0:33
hit the table while I'm recording . It's like the whole
0:35
screen goes 198 days . What did I
0:37
say ? 200 and something . There are 198
0:40
days left until the next Bitcoin halon
0:42
. What did you wanna ask me ? Do you wanna know about BlockFi
0:44
? What do you wanna know about BitFi ? Bitfi
0:47
is a hardware wallet that goes beyond
0:50
cold storage . It goes
0:52
beyond cold storage because private
0:54
keys are wiped every time you use it . So
0:57
, rather than like a Trezor or a
0:59
Ledger cold wallet , this is a
1:01
BitFi and the keys
1:03
usually stay on the traditional
1:05
wallets , and this
1:08
actually wipes the keys from
1:10
the RAM as soon as you're done using it , making
1:12
it more like a calculator than
1:14
something that's holding memory on here . Like
1:17
I said , the memory is wiped clean . They
1:19
did a big bounty hunt for this
1:21
wallet Years ago . Somebody was
1:23
able to extract the keys when
1:26
they cold booted it onto
1:28
their computer right after entering it . But
1:30
that wasn't part of the bounty program
1:32
. It had to be shipped to them in a reasonable
1:34
manner in which you would hack somebody else
1:36
, not hacking your own device . But
1:38
they've since updated it and put liquid cooling
1:41
, like some sort of liquid thing
1:43
in here , that if you were to cold boot it now
1:45
it would actually self destruct and you
1:47
couldn't use this anymore . So if you fiddled with it and
1:49
tried tampering with it , it would self destruct
1:52
, basically , and you can't really use it anymore
1:54
. It becomes dysfunctional . It's good for long-term
1:56
storage and it's not like the most user
1:58
friendly , like when you're pressing the buttons on the screen
2:00
. But considering you can like go
2:03
to another country and have to declare money
2:05
by having it goes a long way . Well
2:07
, when you go across
2:09
a country , there's actually
2:11
a question on the customs form and it says
2:13
are you carrying over $10,000 worth
2:15
of money ? I'm not actually sure , like if
2:18
that's just Canadian or US , but you've
2:20
seen that question before . We have to answer that question
2:22
. And if you have a traditional hardware
2:24
wallet like a Trezor or a Ledger , then
2:26
you'd have to declare you have over $10,000
2:28
by having that device with you , because
2:30
the keys are actually on it . This one
2:33
deletes the keys . There's nothing
2:35
on it . They could take this from you . You could have
2:37
it . I don't care . I still have my money at the end of the day
2:39
because I can just order a new Bitfie or use the backup
2:41
program that they have on their website and then
2:43
also that I have on my own website at havernportcom
2:46
forward slash Bitfie . No , we're
2:48
not finished . We're not finished . We
2:50
have four minutes of footage , probably like
2:53
in 10 seconds , that I'll actually use . What else
2:55
do you want to know about the Bitfie ? Answer me , why is the
2:57
Bitfie better than traditional cold storage
2:59
? Because it wipes my keys . Yes , you're
3:01
right , it does wipe my keys . It wipes it from
3:03
the RAM . That's why it is a very unique
3:06
way to cold storage and you should set one up
3:08
. You should set up your own Bitfie
3:10
. All you have to do is buy one . With my
3:12
link below , you'll see in the show notes you'll see
3:14
my $30 off Bitfie . Let
3:16
me clean this up and just let me make sure I got that
3:18
link . So go to havernportcom
3:21
, forward slash Bitfie For more
3:23
information and to get $30 off
3:25
your Bitfie device . It's not
3:27
smudgy anymore . It's not smudgy . You're still
3:29
recording , though , what else you got to say ? You're
3:31
taking too long . Now I'm just gonna lean back Like
3:34
Bobby what's her name ? And curl up on
3:36
my chair in the bed . You
3:38
just muted my microphone . You just muted my microphone
3:41
. Okay , so long story short , bitfie
3:44
. I'm offering $30 off for
3:46
the Bitfie hardware wallet . Take
3:48
storage into your own hands your keys
3:50
, your Bitcoin , not your keys , not
3:53
your Bitcoin . Did you want to know , like , maybe , like what
3:55
kind of assets it holds or something , anything
3:57
? Is there anything else ? Where it ships from , where
3:59
it manufactures from Florida ? Oh
4:02
, that's a great question . Do you know the answer
4:04
to this question ? Are you just ? Okay ? You do know
4:06
, but I'll tell you anyway . I heard about it through
4:08
John McAfee . John McAfee was
4:11
an avid user and promoter of the Bitfie
4:13
. He had a bunch of them and he this
4:15
device is built around freedom from
4:18
the ground up , and that's why I think John
4:20
McAfee chose the Bitfie to handle
4:23
his cryptocurrencies and very much for
4:25
that reason . I told you about like cross-border
4:27
implications with other types of wallets
4:29
. So I think that's virtually the
4:31
main reason , because he could travel with it and
4:33
it's very unlikely to
4:35
be hacked very secure . Really , it's good
4:37
for short-term and long-term storage . I
4:40
have had the Bitfie device since
4:42
well , I had the first version probably
4:44
since , like I want to say , 2018
4:46
. I had crypto for a bit and then I'm
4:48
learning . You know more about it . Obviously
4:51
, a huge ethos in Bitcoin
4:53
is not your keys , not your coins , and
4:55
it is a huge attribute of
4:57
Bitcoin and kind of the whole reason that
4:59
it was existed , so we can kind of take custody of
5:01
our own keys and money . Humans will flourish
5:04
once they have control of their own money and access
5:06
to a savings technology that was not traditionally
5:08
had by previous generations , unless
5:11
you're wealthy . Sorry , it was a question . Yeah , I think it was like 2018
5:15
, I want to say Like , I've been in for a while
5:17
and then got it . I had to go back and then they came
5:19
with the second version after they did
5:22
that big bounty hunt , so
5:24
they could make all these improvements based on
5:27
what they found out from the bounty hunt . So
5:29
I have version two now and I've had it for
5:31
that one ever since I don't came out , so it's
5:33
the only hardware wallet I've actually had . I
5:35
have friends that use the cold card
5:37
obviously Trezor and ledger , and
5:39
it's just not as convenient as Biffi
5:42
, I don't know . Try it out . I remember my keys , unless
5:45
unless the government comes knocking , then I
5:47
then I lost them and I forget them . Hey
5:51
you , thanks for listening to the having report podcast
5:54
. If you want to support , follow us on your favorite podcast
5:56
platform and leave us a five star rating . Follow
5:58
us on our socials at having report . If
6:00
you're Canadian and you want to buy Bitcoin or cryptocurrency
6:03
for the first time , go to bit by dot CA
6:05
forward slash having for a $20
6:07
bonus . If you want to bring it to the next level
6:10
and take self custody of your cryptocurrencies
6:12
. If you want $30 off the ultimate digital
6:14
asset security device , bit by go
6:16
to having reportcom forward slash
6:18
bit five for more information . Until
6:20
next time , I'm Brad Mines .
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More