4 ms·
The classic 3-2-1 backup rule applies here too. But in this case, the stakes are much higher :) I personally use: - Primary -- hardware wallet with memorized
by ______-_-______ 5y ago
The classic 3-2-1 backup rule applies here too. But in this case, the stakes are much higher :)
I personally use:
- Primary -- hardware wallet with memorized PIN
- Backup -- seed phrase memorized
- Backup -- seed phrase written on paper
- Backup -- seed phrase split into pieces using Shamir's Secret Sharing, written on paper, stored with friends and family members
- UncleMeat 5y agoI think that a ton of people are going to find out that their SSS technique fails when they don't use k-of-n and then one of their friends loses the piece of paper. I have a hard enough time keeping my "absolutely critical credentials" doc safe through things like house moves. I can't imagine relying on several different people to all do this perfectly for wealth that isn't actually theirs. SSS is precisely the sort of "wow sounds awesome" thing that would capture the attention of geeks without really deeply thinking about the most likely failure modes.