Quote from: mvdheuvel1983 on October 20, 2023, 02:36:52 PM

As a Bitcoin enthusiast, I want to say briefly that you shouldn't sacrifice simplicity for technicality. You are more likely to lose your bitcoins because of too much technicality than to scammers or hackers. An example of keeping things simple is that instead of storing your Bitcoin in a multi signature wallet that you do not understand how it works or have no experience in setting up, store your Bitcoin in a soft like Electrum wallet where the process of setting up is pretty straight forward. Another example is using simpler and recommended ways to protect your seed phrase instead of some ways that has too much complexities and technicality to it any mistake can result in its loss forever.

In summary, it is more practical to stick with user-friendly options that you understand well than advanced options. Simplicity and a strong foundation of knowledge are your best allies in safeguarding your bitcoin.

You're absolutely right! Keeping things simple is important, but with all the hacks and scams happening lately, it's crucial to be cautious. That's why many people opt for multi-signature setups or storing their coins on exchanges like Binance. However, in my opinion, using a Ledger is a wise choice. It's one of the safest and easiest ways to secure your coins, especially if multi-signature is too technical for some. Stay safe and secured