Post
Topic
Board Reputation
Merits 5 from 2 users
Re: Users who spread false/fake/unhelpful information on technical board
by
LoyceV
on 25/02/2024, 08:49:30 UTC
⭐ Merited by BlackHatCoiner (4) ,ABCbits (1)
I was surprised by the amount of BS in SamReomo's post on the tech board. Context: a Newbie asked for help with long-term Bitcoin storage. I've included my comments in this quote:
I suggest you to go with Electrum, it's one of the best wallets for storing your Bitcoin.
Electrum is a good wallet. But a hot wallet is never a good solution for long-term storage.

Quote
If you really want to have 100% security then I suggest you to buy a separate laptop and install an operating system in it and after installing a fresh copy of the operating system, then you should install electrum wallet.
That's not "100% secure". It's insecure. Any new Windows laptop should be considered insecure the moment you connect it to the internet. If you want 100% security, you'll need a cold storage setup on an air-gapped system. None of that is recommended for novice Bitcoin users.

Quote
Create your wallet on Electrum and save your seed phrase on a safe location. I suggest you to save one copy of your seed phrase on your device's hard drive or ssd
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After that disconnect that laptop from internet. That way you have an air-gapped system and your Bitcoin are 100% safe.
This is the dumbest thing I've read today. Do not store your seed phrase in clear text on your device!
An air-gapped system is a system that has never touched the internet. Once it's been online, it should be considered compromised. That's the only way to be absolutely certain it's secure.