Just sended some sats to my offline wallet, without any hardware wallet, just 12 words 🤍✌🏼🤍
You just need 12 words and knowledge to have an offline swiss bank 🤍✌🏼🤍
Influencers that just say you need an hardware wallet just want to sell you a thing that you doesn’t need to keep your savings safe 🤍✌🏼🤍
#bitcoin
#nostr
#plebchain
#grownostr
hot wallets for the first step is perfectly fine
there are bitcoin signing devices for around 50$ now tho, so no excuses there if u have to secure a larger amount of bitcoin and you understand why it is important to keep your keys offline (highly, highly recommended)
it also doesnt end with just cold storage, there are more levels to consider, where at least privacy can increase with every step:
0. on an exchange (IOU "bitcoin")
1. hot wallet (no offline key)
3. cold storage, offline key
4. run a node, w a dedicated device
5. roll your own dice for key generation
6. multisig
7. coinjoin/mix
8. inheritance planning
I have a offline wallet (cold wallet) only with the 12 words without any hardware nostr:npub1rq9x6sk86e8ccw2cm8gsm4dyz9l24t823elespupaxjnzdk026fsca2r93
I have a hot wallet too, but my savings are in a offline wallet, without any device 🤍✌🏼🤍
But your biggest mistake was letting the world know that you know those twelve words... now you are potential prey for the wrench attack 😬
Everyone that has Bitcoin has 12 words, let the words be in my mind and my Bitcoin goes everywhere i go 🤍✌🏼🤍
Yeah I get that, I think the brain wallet concept is very cool, but I've heard the argument that brain wallets are only really a good idea if you're fleeing a country and no one knows that you know the keys. Otherwise geographically dispersed multi-sig is the gold standard for security of your main HODL. There's no easy way for you to surrender your coins that way.
If you know your 12 words, and an attacker knows that you know them, a gun or knife could coerce you to surrender the 12 words.
I understand your points ✌🏼
