Lastly: What are everyone’s thoughts on storing their physical seed? That seems to be the most important piece of the puzzle with regard to cold storage so was wondering what everyone’s thoughts were. I know it’s a very individual thing. Just wondering if there’s something I’m missing in my thinking. #asknostr #nostr #grownostr #bitcoin
Discussion
Here was my thought on the topic:
Looks Interesting. So I’m assuming this “key” would be an alternative to your seed phrase being etched into a metal plate or something right?
Correct. When you assemble the bits into the key it is a random 256-bit number, which is a private key for #bitcoin or even #nostr
By extension this could be a master private key that generates all your child keys and seed phrases
Definitely gonna check this out. So if you’re doing multisig with a day 3 different wallets would you need 9 of them? Also, whereas a with a seed plate you could read the words, what would you see with this?
Well it's certainly one of the most important things about BTC. If you think about it well and mix different protections ( not only BTC but also family etc.) You can say that if you want to live a great life outside the system.
"But everyone is different and has to choose for themselves ".
#nostr is a great well where you can find a lot of things I didn't know existed before 👀
