Replying to Avatar Charlie Crown

Yo Marty, what are your thoughts about passphrase vs no passphrase?

Some argue passphrase is the way to go, others argue that passphrase is just a 2 of 2 with a single point of failure.

I’m trying to figure out what setup to incorporate. Any help is greatly appreciated
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goodcharity 2y ago

Use a very simple pass phrase that you memorize and store in a password manager. You can call it a single point of failure, but that's hardly an issue if the chance of failure is close to zero for the wallet owner.

On the other hand no pass phrase leads to a very significant single point of failure in your seed phrase.

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Charlie Crown 2y ago

Yes I agree.

Plus, something happening to all 3 is very unlikely. So if something happens to the HW, there’s the seed + pass backup, and if something happens to the seed, there’s the HW to help you recover the seed.