Nostr Web Client

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

TheGrinder 1y ago

it isn't. I've been around for years and I don't have one. but, I also don't do seeds only keys.

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Discussion

The Beave 1y ago

I don't know what that means...

Marcelinho 1y ago

that means grinder is an old guy 👴🏻

The Beave 1y ago

Pfft. I'm probably older than most.

Marcelinho 1y ago

It means that grinder uses 'legacy paper' wallets

TheGrinder 1y ago

you and your paper... METAL!!! 🤣

Marcelinho 1y ago

paper, metal 😅 it is the same procedure

Laeserin 1y ago

Me, also.

TheGrinder 1y ago

yeah thanks for that. 😆

no₿ody™ 🧱 1y ago

A seed phrase is not a private key. It is a recovery kit for both the public and private keys. Grinder skips that and just manages his raw keys directly like they did in the olden days before BIP-39

The Beave 1y ago

Huh.

I kinda like that.

TheGrinder 1y ago

this basically. I'm more of a 38 guy than a 39 guy 🤣

no₿ody™ 🧱 1y ago

Nice, i wasn’t wrong! 🫨💦

TheGrinder 1y ago

😉