Why Nostr? What is Njump?
2025-03-30 10:08:53
in reply to

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).
Author Public Key
npub1fp685rwn5pecyxu7edf49g9r8630tdm440srjvjq5psmtklg56lscnfr2h