1 and 2 are correct.
3 I don’t think so, unless I’m misreading you. Every wallet + x passphrase is a completely new wallet that needs to be imported.
So if you have one hardware wallet, you will need to “restore” a seed to get access to any other wallet you have, with or without a passphrase.
So basically, if the HWW gets destroyed, you have to buy a new one? Or can you get around with the seed + passphrase in a software wallet?
You can of course restore it in a software wallet. But entering wallets generated by a hardware wallet into a software wallet immediately lowers their status from cold storage to hot storage.
If you have a watch only wallet, and you lose your HWW (your signing device) you won’t be able to send bitcoin.
Unless, you either get a new HWW and restore your seed or input the seed into the software wallet and make it Hot - Which is absolutely not recommended if it has a lot of bitcoin.
Yeah, as a temp measure I meant.
Passphrase is definitely a great security feature.
You’d need a new device (or import the seed from backup to your hot wallet — but don’t do that) in order to sign a transaction
Thanks, this is what I’m thinking, too. The “new” seed (ie 24 + 1 words) should be on the hww, not the watching wallet
