Post
Topic
Board Hardware wallets
Re: Best Way to Backup Up a Ballet Wallet
by
n0nce
on 08/10/2022, 23:39:30 UTC
But we are not in that era of no seed phrase private key wallet anymore, I will just prefer using online wallet like electrum on my mobile device for it.
Usually I wouldn't comment on such a nitpick, but as the lines were blurred by this (in my eyes) paper wallet being discussedin the hardware wallet section, I'd like to point out that Electrum is a hot / software wallet.
Online wallets on the other hand are e.g. when you hold coins in an 'exchange wallet', but also exist(ed) as standalone services. People would literally log into a web service with email / password and simply get a view of their coins with ability to deposit and withdraw & send coins. Obviously that's highly secure and unrecommended - never use online wallets. Just wanted this to be clear. Tongue

But I am surprised that some Bitcointalk members are in support of what is not in support of one of the reasons bitcoin was created.
I guess Bitcoin gives you the freedom to use a secure or insecure method, and anything in between. You're not forced to go hardcore-coldstorage-maxi, you're not forced to go online-wallet; there is total freedom to wallet choice. Some users (knowingly) accept a tradeoff of convenience vs. security, but this in here is definitely not it. Pre-printed paper wallets actually have no reason to exist; I agree on that.