Hey what’s your advice re: passphrase?
Some people argue it’s just a brittle 2 of 2 with single point of failure. But others say it’s always a good idea.
Just got a Coldcard and I’m having trouble deciding what to do and how to best use it.
Any help is greatly appreciated
nostr:npub1wu4aye7ll0lnrrg638e90sehzsgpzx5t39t3mwl05aa0d0ap08esdz3vw0
In the context of using bip85 (as above) I'd say it's a pretty good idea. If it's a single signer then it depends how confident you are that the seed phrase is in a secure location where it won't be compromised. Finally, if it's part of a multisig then I would say it's too much complication at that point.
When in doubt, keep it simple to prevent locking yourself out. When using a passphrase, keep a physical copy of it separate from the seed phrase & device so you can refer to it if you need to.
Yes, I was thinking exactly that.
Seed + pass stored separately. Both apart form the device so I can recover anyway if needed.
Af for traveling, I’m thinking the best is enough balance on phoenix and Zeus on my self run node. NVK suggested tapsigner + nunchuck for traveling, curious to get your thoughts 👀
As for BIP85, I’m thinking I’ll leave it to be uncle Jim for my family.
What’s your advice re: segregating funds?
The humble BIP39 passphrase is an under appreciated aspect of Bitcoin custody.
