I understand wallets (hot or cold) are needed to generate seed phrases and keys to move bitcoin. But are wallets necessary for static HODLing?
Is it possible to use a wallet to generate a seed phrase, transfer Bitcoin to that account, then after securing phrase, wipe the wallet and create a new seed phrase and allocate Bitcoin to it?
What are the advantages or disadvantages of diffusing reasonable amounts (larger that typical for daily use wallets) of Bitcoin over multiple, in a sense “accounts?”
Wouldn’t this improve security over “all in one account,” and provide granular transfer to “daily use” wallets or gifting?
Asking for a friend.🤫🤥
OwenG4now / Owen Gregory
npub1fp…shgjd
2024-10-08 14:26:34
Author Public Key
npub1fps69hsl04zkxls3fgs90ccpn9az7fp8mz8xdhszecqr4rt4z88snshgjdPublished at
2024-10-08 14:26:34Event JSON
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"content": "I understand wallets (hot or cold) are needed to generate seed phrases and keys to move bitcoin. But are wallets necessary for static HODLing? \n\nIs it possible to use a wallet to generate a seed phrase, transfer Bitcoin to that account, then after securing phrase, wipe the wallet and create a new seed phrase and allocate Bitcoin to it?\n\nWhat are the advantages or disadvantages of diffusing reasonable amounts (larger that typical for daily use wallets) of Bitcoin over multiple, in a sense “accounts?” \n\nWouldn’t this improve security over “all in one account,” and provide granular transfer to “daily use” wallets or gifting?\n\nAsking for a friend.🤫🤥",
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