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The thing you are forgetting is the lindy effect of your hardware device. The longer you have a hardware device, the less likely it could be compromised and you could lost your funds.

If you decide to change wallets, you have a risk that your new device is compromised or a technical risk that you fuck something up. Also,never send all your funds at once on a new wallet. You need to send the funds gradually over multiple months or even years.

And OBVISOULY UTXO PER UTXO. NEVer mix your utxos

HODL 1y ago

I agree about sending slowly in tranches, but getting good at setting up new wallets is a skill everyone should develop. Otherwise you risk being left behind the cutting edge of Bitcoin security because it’s “Lindy” and you get got like Luke got got.

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Discussion

DRE 1y ago

Yup security is a moving target

Also nothing wrong with combining/consolidating UTXOs as long as you know what you’re gaining and what you’re losing

Brian 1y ago

What happenes to Luke?

NodlAndHodl 1y ago

Lost his coins in a server hack. Not sure exact details, but they got most of his stack.

TeslaLiberty 1y ago

From what I heard Luke was using his own custom made wallet that was not even offline because he did not trust coldcard or other wallet providers.

I would not compare that to having a cold card