What's the "shelf life" of a digital device?
Will it be fully functional in 10-15 or 25 years?
Steel plate backups for me seems most logical, but plenty seem sold on devices. 🤷♂️
Discussion
I go with multiple steel or titanium plates. Who know what’s going to happen with our hardware/software. I say best to be safe and have good solid offline backups!
No doubt..... even pen/paper would be better for a lot of people, IMO
My 2 sats...
HW wallets should be backed up and regularly tested.
Consider a multi sig set up.
Consider unchained or casa.
You could do yourself.... but not sure you want to be your only solution if something goes wrong.
Having multi sig doesn't expose you to single points of failure. 1 for 1 is risky for generational wealth but fine for most other holdings.
My seed phrase stored safely. I use the wallet to generate public keys to receive my Bitcoin. My concern is traceability, not my btc getting stolen.
I buy from an exchange that knows me so that's a point of weakness. Now I wonder if trezor (given that the device generates my pub key) can track my public key, thus presenting another point of weakness in the traceability and privacy fronts. Traceability makes coercion possible.
Once you withdraw from an exchange, it's pure speculation. Withdraw and Send are identical.
Bitcoin itself is KYC and permissionless, it's the rerurn to fiat, where ID will always be required. Unless you do peer-peer, even then, if it was a substantial amount, there would be trust needed for p2p.
Exiting the system is the endgame.
KYC is s meme.
Makes sense. Looks like we're in goond shape then. My wallet is one way street: fiat to BTC only.
My BTC will never be exchanged for fiat, unless absolutely necessary :)
