Quote from: Z390 on March 06, 2024, 09:14:46 AM

Quote from: kentrolla on December 01, 2023, 07:22:59 AM

The idea you Ave mentioned is great as it will keep the seed phrase safe and I would probably think of t if I am hodling a huge amount of crypto in a particular wallet. But at the moment it's too much of an hassle for me and as a person who had already lost seed phrase of blockchain wallet in the past by writing and keeping it somewhere I have started a simple strategy of sharing the seed phrase from my personal email to alternative email so it's there in two separate places and also uploads the same in cloud.

A stupid idea like this coming from a hero member on this forum is a big shame, how did you become a hero member without knowing that it's wrong to keep or store your recovery seed online? Even if you are using a hardware wallet, if you keep it's seed in any form of online storage, either email or cloud then you are not safe.

This is crazy and stupid, newbies are looking up to high ranking members on this forum, believing that they have passed through a lot and always know better, it's disappointing that this nonsense is coming from a hero member, wtf?

Any recovery seed or private key must stay offline, there is no better way to keep your keys safe than using offline mode, this is why airgapped wallet are the most secured, they lack the need for internet, they are always offline, may God have mercy on your soul.

In my view it depends on your requirements. Lets say I have 100 000 USD in Bitcoin. There are different considerations:

1)Safety: Keep the seed phrase save. If you save the seed phrase in a physical space, like on paper, metal or whatever, everybody needs to be physically present to steal this information.

If you store the info online it can be hacked via the internet, I agree here. So online is less save.......

2) Access: But what happens if you travel to a foreighn country and get arrested and need access to your Bitcoin funds to pay for a good lawyer? Huh

How does it help that you have the seed phrase hidden at home???

Maybe worth to have set up an online option to access your seed phrase, at least then you have a chance to use your Bitcoins .....

For me money is a tool, and if I cannot use it it is useless for me......

But if other prefer to rot in jail and it makes them happy that their Bitcoins are save :

Up to you

bobbybkk

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