4 ms·

Why would someone holding 1400 BTC use a software wallet instead of an offline hardware wallet? SMH

• spurgu 6y ago
  Yeah this is what blows my mind. I would be paranoid if I had 14 BTC, let alone 1400. When I had (as much as) 19 BTC some while ago I stored them on a Trezor, with the seed on a paper (three copies in different places) in a form that no one would realize it actually was a seed.
  • herpderperator 6y ago
    Be careful... sometimes we end up making things so complicated that we forget how it works. Think why comments are so crucial after looking at your own code from a year ago and having no clue what you meant. :-)
• jkepler 6y ago
  Even a single hardware wallet would have been risky - loss or damage, or theft. For high values, set up multi signature hardware wallets, at least a 2 of 3 scheme, each stored in different geographic locations.
  • phedboi 6y ago
    That's overly complicated. A single hardware wallet in a fire proof safe or a safe deposit box in a bank vault is sufficient for this use case. If a hardware wallet were stolen, the thief would still have to guess the password. q.v. https://xkcd.com/538 https://xkcd.com/538
    • Hackbraten 6y ago
      A single hardware wallet is not sufficient for any use case because no matter how safely you store it, it can fail anytime.