A balanced chat with Lopp and his casa company. They go over the pitfalls of using a pass phase and why they use a 3 of 5 setup for their clients.
Great opportunity to review your security set up and make adjustments
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78 sats \ 3 replies \ @DarthCoin 15h
We are still early. Here is an example of how people's ignorance is also a "protection".
I put 1BTC in a wallet seed and hide it in a plastic recipient, behind that rock. The rock is located on a mountain trail that is quite transited by hikers.
After almost 10 years that wallet is still there. I periodically check it in.
I am very confident in my capacity of hiding a seed in plain sight. I never lost any sat.
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51 sats \ 2 replies \ @0xbitcoiner 14h
I’ve already been to that rock when I was on vacation in ...! I’m gonna book it for next weekend!
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63 sats \ 1 reply \ @DarthCoin 14h
behind that rock is a "Casa" stronghold :)
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76 sats \ 0 replies \ @0xbitcoiner 13h
Awesome! Guess I won’t need to book a hotel then. Does the casa have a stove and gas, or am I gonna have to chop some firewood? I’m sure there’s an axe around! Hahaha
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143 sats \ 5 replies \ @DarthCoin 13h
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93 sats \ 3 replies \ @kepford 12h
Its funny and easy to mock but this is already happening and plenty of people want this.
This is why I don't really try that hard to sell most people on bitcoin. I can't save them. They don't want to be responsible for their wealth. They can't even manage to secure their passwords.
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124 sats \ 1 reply \ @DarthCoin 12h
Exactly. But see that as a good thing: more sats for you !
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59 sats \ 0 replies \ @BlokchainB OP 9h
Everyone is a scammer huh?
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48 sats \ 0 replies \ @BlokchainB OP 9h
Hahaha sad but true
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0 sats \ 0 replies \ @BlokchainB OP 5h
Terrible
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78 sats \ 0 replies \ @elvismercury 15h
Always good to surface this discussion. Related: #307785
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