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>There's an entire cottage industry built around people etching their seed phrases on steel plates for people to (I'm not kidding) bury them like they're gold i
by boppo1 4y ago
>There's an entire cottage industry built around people etching their seed phrases on steel plates for people to (I'm not kidding) bury them like they're gold in the 1800s.
I was about to say this isn't the worst opsec until I realized you mean people are sending businesses their passphrases and not purchasing an etching kit to make the plate themselves.
- ChadNauseam 4y agoYour first instinct was right, they come with little steel squares with individual letters pre-etched, and when you receive them you arrange them yourself into your seed phrase
- SV_BubbleTime 4y agoThe venn of arts and crafts, paranoid delusions, and blockchain.
- sydd 4y agoHeh I would not call them paranoid after all these crypto collapses. Say I'd have $100000 in a crypto wallet, I'd etch it too and keep it in a safe instead of giving it to a website with no state backed guarantees.
- danaris 4y agoThe delusion part is believing that it would still be worth $100k after an amount of time that would warrant burying something in the ground.
- zukzuk 4y agoThe paranoia pertains to burying metal plates underground, preparing for a post-collapse future. As if bitcoin will be a viable currency when we're all trying to figure out food and shelter.
- 2sk21 4y agoAlso, this assumes that there is plentiful electricity in this post apocalyptic future to mine bitcoins!
- grey-area 4y agoYou could just print it on a piece of paper and put it in a safe!
- JackFr 4y agoThe funny part of that is that you literally cannot have $1000000 in a crypto wallet, because that's not how dollars work. Oh, you've got something in your crypto wallet, but it ain't dollars.
- matai_kolila 4y agoOf course he can have $100,000 in his wallet, that $80k will be usable to exchange in return for $50k of goods, for sure!
- defterGoose 4y agoIt's still some of the worst opsec if they're literally burying steel and expecting that to be hunky dory.