Replying to Avatar crany 👽🧡🗿

Sure multisig helps the security of the setup immensely. Especially when distributed by multiple, geographically diverse holders.

Whether single-sig or multisig, the goal of the hardware wallet is to protect private keys. I was wondering if a smaller HW wallet(s) total software code and silicon metal base has merits with "putting eggs in one vendor basket."

We also have BIP-39/44 24-word seed phrases.
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SuiGenerisJohn 1y ago

I've always considered the HW wallet's highest purpose to securely create private keys which should really be, as you point out, stored as seed words in physical medium. For me, cold storage is HWW agnostic ultimately.

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Hanshan 1y ago

Yeah, this.

Steel washers remain undefeated.

I can see having a HWW if its a "warm" wallet and you sometimes need to sign a tx.

But nothing comes out of my cold storage so I just have a watch only wallet and the seed on steel.

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SuiGenerisJohn 1y ago

That’s my thinking. Properly generate good entropy keys and keep them analogue securely forever.