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Jor

The biggest lie told within bitcoin is that steel/titanium is the best way to store your recovery phrase.

Your house burns down...

What are the chances you're able to locate/access/read the words?

Someone breaks into your house...

They can't get past your encrypted Coldcard secured by a pin.

But they can just take your 24 words - written in plain text - and restore your bitcoin in a new wallet

The solution?

Encryption.

Mr. Sat Stacker 10mo ago 💬 2

Multi sig. Distribute keys among HW and location. Leave a treasure map incase you die unexpectedly.

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Discussion

Plunger 10mo ago

You can distribute the laminated encrypted QR codes and make as many copies of each. Better than traditional hardware multi sig. Lose keys for two devices and you are hooped

Jor 10mo ago

Yes that's a great option.

The second best option.

The main (and only) flaw is that you have to trust others with two of your keys. Or you have to have traces of bitcoin laying around your house.

Encrypted and distributed backups solves both.