TIL- The Winklevoss private keys are stored on 3 “shards”, which are spread across 12 safety deposits boxes, located in banking institutions that span 4 time zones in the US...

According to Ben Mezrich’s biographical novel “Bitcoin Millionaires”, which chronicles the Winklevoss twins story...The twins split their private key into 3 shards - referred to as “alpha”, “beta”, and “Charlie”. Which were then stored in fireproof / waterproof envelopes, and stashed in unassuming banks.To ensure that a natural disaster does not wipe-out one/more of the ‘shards’, they duplicated the process 4 times, in 4 separate time zones for redundancy.To all you hodl’ers, take lesson from 2 of the richest BTC investors in the world. PROTECT YOUR KEYS!

Submitted March 14, 2021 at 05:11AM