Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Andreas Antonopoulos says to stop using paper wallets, do you agree?
by
dkbit98
on 05/01/2022, 18:04:40 UTC
⭐ Merited by vapourminer (1)
I was about to say: whether paper or hardware - you're always gonna have a paper or steel backup anyway; so hiding / protecting a seed always needs to be done, no matter which method you use.
This is true, but you would be surprised how many (dumb) people don't have backup phrase on paper, and they ae only depending on hardware wallet device to keep everything. Cheesy
Difference is that you are writing backup yourself with your own hand or metal tools, and for paper wallet printer is doing all the work.

Actually, one scenario comes to mind where the person has a backed-up hardware wallet without ever writing it on paper / exposing it to potential spy cameras or anything like that. That's with a device like the Foundation Passport. It allows you to insert a microSD card, back the device up to the card and even do it to multiple cards.
Physical backup on paper/metal is almost always better than any using digital backup like microSD cards even if they are encrypted, but it's not a bad idea to have multiple options in case one of them fails.
I think that Coldcard and Bitbox02 hardware wallets are doing something similar like Passport with SD card backup.

The idea about SeedSigner is not mainly for creating paper wallets (in my opinion) but allowing you to also sign transactions (hence the name) while keeping the wallet / seed itself actually offline. It has a camera which can temporarily import the seed through QR code into RAM so it's wiped when power is plugged.
Seedsigner is a nice idea, but problem is that Raspberry Pi Zero and all components for making is hard to find know because of supply chain issue, or it's more expensive to buy.

thing is, those old school private key paper "wallets" still work. exactly as they did 10 years ago, and will 10 years from now. nothing fancy.. just works
Yeah, just like riding a horse and driving first automobiles from 1900 still works and it's nothing fancy also  Cheesy