Replying to Avatar The Beave

I have a potentially really dumb question:

Why is a hardware wallet "Necessary" for cold storage?

Since the seed phrase to generate keys are the important thing, why does a body need to spend money on hardware wallet to store the seed phrase? (How to do that is another thing and I've already got that covered.)

I just haven't had the answer to that click yet. Help?

#asknostr
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jonathan 1y ago

That’s a great question. Since they both require a seed phrase why do

We need hardware. Maybe because they sell hardware?

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The Beave 1y ago

It's got me scratching my head.

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Duncan Cary Palmer 1y ago

https://peakd.com/bitcoin/@creatr/how-i-generate-my-own-secure-private-keys-for-bitcoin

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The Beave 1y ago

I listened to a video of a guy doing just that yesterday. It was interesting.

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Duncan Cary Palmer 1y ago

Perhaps we can have a voice chat sometime?

I might be able to give you a better grasp of the issues behind the questions you seem to still be grappling with...😃

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The Beave 1y ago

That would be helpful, for sure.