What Bitcoin Did
What Bitcoin Did
Danny Knowles
The Future of Owning Bitcoin | Jonathan Pollock
57 minutes Posted May 11, 2026 at 11:50 pm.
The wrench attack problem in self-custody
New BitKey hardware wallet features
Bitcoin ETFs versus self-custody risks
BitKey's wrench attack solution design
Why work in Bitcoin and quantum threat
Defining self-custody as a system
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Jonathan Pollock is Product Lead for Bitkey.

In this episode, we get into wrench attacks, why physical coercion is a structural weakness of private key ownership, why seed phrases may be creating more risk than they solve, and why most self custody setups rely too heavily on users never making a mistake.

We talk about the trade offs between security, privacy, recovery, inheritance, and ease of use, alongside BitKey’s new hardware update and the company’s plans to build time delayed vaults designed to protect users during violent attacks. We also get into collaborative custody, covenants, insurance, ETFs versus self custody and why permissionless money still matters.

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