Hardware wallets like TREZOR are pretty cool for enhancing security (it can also act as a U2F key). A seed is generated in the device and represented by a list

Hardware wallets like TREZOR are pretty cool for enhancing security (it can also act as a U2F key). A seed is generated in the device and represented by a list of 24 words; your private key never leaves the device. However using the same word list (which you back up on paper) you can recreate the seed and derived keys on software that uses the same key derivation standard. https://doc.satoshilabs.com/trezor-apps/index.html#recovering-funds-without-trezor-device https://doc.satoshilabs.com/trezor-apps/index.html#recoverin... Actually now that I’ve typed that all up, I agree with your initial point. For the average person setting something like this up is still a huge hurdle. It does offer some protection against a hack for the more technically comfortable.