FreeYoda on Nostr: Watch out for overkill. I'm pretty sure more #Bitcoin have been lost by people losing ...
Watch out for overkill.
I'm pretty sure more #Bitcoin have been lost by people losing access than by theft/ to little safety.
People memorizing their seed, passphrases forgotten, using expert functions without knowing what they do (using the coldcard rolling dice seed creation with only one dice roll).
I always advice to get the basics RIGHT.
Use a mainstream HW wallet, let it create a seed, test the backup of your seed, keep your seed backup from all devices thus offline, don't talk about your #Bitcoin.
In 99.9% this will be sufficient.
Even these basics can need some more explanation, like what is a good back up (like fireproof, etc.).
Multisig can be useful, when done right, but mostly only needed for some specific situations, basic reasoning: only use it when the need is there (like in a company).
Published at
2025-03-30 10:08:53Event JSON
{
"id": "ecf744fb47b97865af623d16cd19af07f4251faed540a7052e0aea9f67f767c3",
"pubkey": "48747a0dd3a073821b9ecb5352a0a33ea2f5b775abe0393240a061b5dbe8a6bf",
"created_at": 1743329333,
"kind": 1,
"tags": [
[
"p",
"623909931d9cc53a484b33aa8d6e6d780e1141ea372a7f5b7d22896f1d9c36a6",
"ws://192.168.18.7:7777"
],
[
"e",
"a3dd976507142403bb7c2b30ebcbbcf043b2d3b7e72a2f3d9b42a63e430ec662",
"ws://192.168.18.7:7777",
"root",
"623909931d9cc53a484b33aa8d6e6d780e1141ea372a7f5b7d22896f1d9c36a6"
],
[
"t",
"Bitcoin"
]
],
"content": "Watch out for overkill.\nI'm pretty sure more #Bitcoin have been lost by people losing access than by theft/ to little safety.\n\nPeople memorizing their seed, passphrases forgotten, using expert functions without knowing what they do (using the coldcard rolling dice seed creation with only one dice roll).\n\nI always advice to get the basics RIGHT.\nUse a mainstream HW wallet, let it create a seed, test the backup of your seed, keep your seed backup from all devices thus offline, don't talk about your #Bitcoin.\n\nIn 99.9% this will be sufficient.\n\nEven these basics can need some more explanation, like what is a good back up (like fireproof, etc.).\n\nMultisig can be useful, when done right, but mostly only needed for some specific situations, basic reasoning: only use it when the need is there (like in a company).",
"sig": "71b9d3f8b181f95ebf64c09399ff1e11faa6bfb96fec9b0a72fcea1d8e9eb4feb77edee8ce575bff9e2a4b97ae670d2a340a9e2a4440dbc6ee4057b6dc49caac"
}