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Being your own bank also means you are also the bank’s Director of Security. If you live with others, make sure they know the drill too. Not to open doors voluntarily if you’re not home….where the “protection devices” are and how to use them… duress words if they are calling you at work, etc.

The only people that have survived documented $5 wrench attacks that would have resulted in a loss of funds or worse, so far in Bitcoin’s history, have been saved because they were armed. Except one guy that leapt from a balcony and limped to safety.

And don’t make yourself a target by talking about your coins with just anyone either. At some dollar value, most people will start scheming.

PS thanks for the zap! Very kind of you.

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cryptowolf 1y ago

I would also recommend having a "dummy" passphrase with a much smaller but realistic amount of Bitcoin in it.

This way during a $5 wrench attack situation can be softened by giving up the funds in the "dummy" wallet that you won't cry over.

I have several for various other purposes too

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₿eth 1y ago

This would be something worth spending some time on.

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