Today the Shoppe received 4 enigma machines. Back in the day, these devices helped soldiers communicate with each other over long distances on open telegraph wires while concealing their messages. Now they can secure your cryptocurrency.
But how do they work? James gives a quick demo by encrypting and decrypting the word “BITCOIN”:
Pick one up for yourself and show it off to your friends and family. Use it to encrypt your plain-text private seeds to make them unreadable by thieves. Write messages to your kids and teach them about the history of encryption and how far we’ve come — we now have encrypted money!
Join us for the next Portsmouth Bitcoin Meetup this Friday April 6, to learn how to cryptographically secure your bitcoins with a multi-signature wallet. Why would you want to do that? Answer: So that you can share your crypto with a handful of people (say, in an organization) while making it mathematically impossible for any one person to run away with the money. You can use advanced cryptography to produce a bitcoin wallet that requires more than one person to sign off on a transaction before funds can be spent. Pretty awesome. The lecture is free and open to the public. Doors open at 7, lecture starts at 7:30. RSVP here.