His fear of losing his $120,000 by him making a mistake is well-founded, at least in his mind.
His lack of educating himself about hardware wallets and securely storing his mnemonic phrase on steel and in multiple locations is gonna bite him in the ass. Maybe multi-sig would be better for his peace-of-mind.
His ignoring the “not your keys, not your coins” mantra and not getting his corn off of exchanges is also gonna bite him in the ass.
Well said.
He could educate himself properly on this in about 2 hours and the cost of the hardware setup is ~0.25% of his stack - 2 hours and a fraction spent to protect that much wealth is a minuscule investment versus entrusting a third party in an industry rife with fraud and corruption.
One of the biggest mistakes people make is completely fucking up their threat modelling. Like goldbugs refusing Bitcoin because of the threat of an EMP wiping out electronics worldwide, or Climate Cultists believing the world is going to end whilst ignoring how impossible it’s going to be to live in the economy their ideology will bring about.
Get your threat modelling right people!!
Threat modeling for sure đź’Ş
