Sources confirm he began with pocket money and ended the week with strong views on fee markets.
David M., 44, created his first wallet on Thursday — a plain single-key setup, intended for "just a little, to try it out." Within the week he had a favourite block height and opinions about coin selection.
It is, by design, the simplest possible arrangement: one key, one wallet, no committee, no ceremony. The right tool for small amounts and first steps — the financial equivalent of a starter bicycle, before anyone has mentioned a vault.
David has since referred to the wallet as "my cold storage," "my stack," and, once, with feeling, "the family treasury" — in reference to roughly forty dollars.
Everyone starts with one key. The whole trick is knowing when one key is no longer enough.
Everything above is satire. Here is how it actually goes when you fix it.
What it does
The assistant sets up a straightforward single-key wallet — the right thing for everyday spending and smaller amounts. It's the simple, honest starting point. And when what you're holding outgrows what a single key should guard alone, that's exactly when the family vault enters the story. Start simple; graduate when it matters.
David: I just want something simple to start with.
Assistant: Then a single-key wallet is right — one key, nothing fancy, yours alone. When the amount grows past what one key should guard by itself, we can talk about a vault. For now, simple is the correct answer.
A single key is the right tool for small money and first steps. Knowing when you've outgrown it is the rest of the job.