People can quickly become complacent to think that their single location storage of their Bitcoin hoard would be enough. We all saw how 300 000 people have lost their houses in as little as a few seconds.
The Beirut explosion should be a wake-up call to all of us, to store your Paper wallets and cold wallets in more than one geographical location. A national disaster or a accident like this might wipe out your house and if you used that as your primary hiding place, you would lose more than your house.
After a disaster like this, bulldozers are brought in and only the foundations might be left after they are done. (So hiding it in a safe or a wall or the roof is a bad idea.)
Make sure you have several copies of your Paper wallets/Private keys and store them in separate locations. You might not even be at home when a disaster like this happens and when you return, the authorities might stop you from entering the devastated area. (due to instability of structures or chemical/gas leaks.) So you will not have a opportunity to retrieve your stash.
Wake up and act now... before it is too late.
The Beirut explosion should be a wake-up call to all of us, to store your Paper wallets and cold wallets in more than one geographical location. A national disaster or a accident like this might wipe out your house and if you used that as your primary hiding place, you would lose more than your house.
After a disaster like this, bulldozers are brought in and only the foundations might be left after they are done. (So hiding it in a safe or a wall or the roof is a bad idea.)
Make sure you have several copies of your Paper wallets/Private keys and store them in separate locations. You might not even be at home when a disaster like this happens and when you return, the authorities might stop you from entering the devastated area. (due to instability of structures or chemical/gas leaks.) So you will not have a opportunity to retrieve your stash.
Wake up and act now... before it is too late.
I was thinking the same thing. I watched that footage from various angles and it was horrifying. Imagine if I were the one recorded that video, I would have instantly suffered severe anxiety and panic attack while running away for life.
Which is why having them stored in one place isn't ideal. I have a notebook where I stored all of my private keys, mnemonic phrases, and other details, etc., but it seems that I need to store them in more than one source (I did store some in my Google Drive just in case).