Been going through this discussion a lot with a few friends. From technical security perspective, I agree and want to try and play around with. But I keep coming back to fiat world mentality in a way. The government bullshits people that deposits are safe to a certain amount so people naturally open multiple bank accounts. Key safety targeted with multi sig, multi device but I think maybe worth considering multi device / seeds division. Stack on a wallet to certain amount and hide and start another. I have never had only one bank account
Discussion
You're right. I currently have all my stack on one device. I recently received 2 Jades so the least I can do is split it between the 2 of them. (I've still not done it because I'm lazy😂), I have 4 bank accounts, the total amount in all 4 is less than 4 figures😬.
I think it’s partially what comes naturally. As someone who worked internationally all his life and also got paid in different currencies and have always had to manage currency fluctuation risks, I’ve always had multiple accounts with multiple institutions in multiple countries and had to juggle things. When FATCA and CRS happened, had to juggle further just cause many banks couldn’t deal with the bloody regs and told me to shut accounts. It just became normalised. It seems normal for me to have multiple devices and wallets in different locations using different devices