Using a crypto hardware wallet (also called cold storage) can be tricky. Don't be like us and wait to the last minute to try to move funds off cold storage into a hot software wallet to buy an NFT or other blockchain asset purchase.

You could miss out when a successful acquisition an asset is all about the timing.

Worse yet, you could lock up your cryptocurrency private keys on a hardware wallet forever and never get access to your assets again!

There are examples of people getting paid in the early days of blockchain in bitcoin to deliver something, like a pizza. Don't be the guy who throws out his computer only to realize the passwords on the hard drive could unlock that bitcoin today, worth millions $$$!

In acquiring a Cockpunch, Mark learned some finer details about his Ledger and Trezor hardware wallets.

Please SUBSCRIBE and SHARE. The more people who discover our podcast, the higher the quality content we can produce. In this case, correlation does equal causation.

1:18 - COCKPUNCH mint vs Opensea price comparison

2:40 - Ledger crypto hardware wallet transfer obstacles and a Catch-22

5:40 - Jason asks stupid questions about where the coins / cryptos are actually stored. Mark gives a kickass analogy to help clean up Jason’s ignorance.

7:44 - Jason asks how crypto “boxes” get created

9:01 - Private keys and user wallets vs custodial wallets

12:00 - Wrench attacks

13:14 - Blockchain is more secure than a bank, but also more dangerous

15:05 - Seed phrases and private keys

16:38 - How much did that pizza delivery cost? And how much was lost?

18:00 - It’s still really early, so you can still do well in blockchain, whether for work or investing

20:57 - Enter the Trezor hardware wallet… more obstacles

23:04 - New Ledger Stax touch screen device

24:05 - Holding crypto inside standard financial services, like Fidelity, has its merits for mom and dad

26:20 - More COCKPUNCH launch details: allow list, watchlist, and general public countdown clocks

29:04 - NFT Royalty rates and payout enforcement

30:08 - Total $ value changing hands after 8 hours post launch

31:45 - Why revealing the NFT images was delayed for two days

34:40 - Holders will gain access to 3D files for their Cockpunch

38:00 - The IP opportunities built into the Cockpunch storyworld

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit phenomenal.substack.com

COCKPUNCH 2: Crypto Hardware Wallet Obstacles and NFT Clocks ⏳ 🔐 PFPodcast ep014