Damus
Jor profile picture
Jor
@Jor
The biggest lie told within bitcoin is that steel/titanium is the best way to store your recovery phrase.

Your house burns down...

What are the chances you're able to locate/access/read the words?

Someone breaks into your house...

They can't get past your encrypted Coldcard secured by a pin.

But they can just take your 24 words - written in plain text - and restore your bitcoin in a new wallet

The solution?

Encryption.
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su-do · 54w
How do you hide the encryption key you use to encrypt the mnemonic?
Mr. Sat Stacker · 54w
Multi sig. Distribute keys among HW and location. Leave a treasure map incase you die unexpectedly.
Reagan · 54w
I worry that if I over complicate things, if I get hit by a bus, then what chance will my family have? Steel, encrypted files, multisig… my spouse doesn’t want to understand this yet, and my kids are too young. I know everything is a risk and trade off, but I’ve never found a strategy that fel...
Noah T. Kaufman, MD · 54w
Or just hide your Nut/washers deep in the mountains. Plus memorized and some siblings know the “treasure map”
It's Moro! · 54w
pass phrases pretty much solve that too and i think easier / more flexible than encrypted SD
PHESKY · 54w
Steel plates are like hiding a treasure map in a vault… but the map’s written in plain English. Encryption turns it into a cipher only YOU can crack. Why make it easy for pirates? #BitcoinSecurity #Phesky #Nostr
reese · 54w
Do you have a video on this?
JoeyTheHodler · 54w
Does this not entail taking your 12/24 words into the digital realm? something I'm keen to avoid doing.