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Also - it's a perfect non-electronic way to have your funds. Seed could be a sequence of words (this thing needs to be backed up and stored safe!) Huge advant
by gesman 9y ago
Also - it's a perfect non-electronic way to have your funds.
Seed could be a sequence of words (this thing needs to be backed up and stored safe!)
Huge advantage is that you can save the seed in safety deposit box in a bank, written on paper - totally non electronic way.
Then you can recreate wallet from seed at any time and manage your funds.
- pocketsquare2 9y agoSorry, but how is that any more non-electronic than storing your ATM PIN in a safe? Given that the weakest security link is invariably human.
- AgentME 9y agoThe ATM situation has a ton of links including your bank and the possible records of everywhere you've used your debit card. If your bitcoin private key only exists on a piece of paper and not on any networked computers, then there's no way that malware or a company being hacked or an exchange going down is going to affect its balance.