Post
Topic
Board Bitcoin Discussion
Re: Hardware Wallets
by
substratum
on 24/02/2014, 01:04:25 UTC
Although not entirely convinced are the hardware wallets really the safest way of storing bitcoins. They may be resistant to hackers/trojans etc, but you entirely rely on physical device which can be lost/stolen/destroyed (unless I'm missing something here).

As I understand it, the Trezor will let you write down the seed for the keys when they are generated, in case the wallet is lost/stolen/destroyed. A thief shouldn't be able to brute-force the PIN on the device for some time, giving the original owner time to regenerate the keys elsewhere and move the funds.