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111 sats \ 1 reply \ @Gar 6 Nov 2023 \ on: Self custody - split a 24 word seed phrase into 3 parts, as a mock multisig? bitcoin
A few things to think about:
- One should not have unilateral control over their main savings. There should be a social, spatial and temporal impediment to moving main funds.
- Create your own 12 or 24 word seed phrase using your own physical entropy. See "retirement" attack and past RNG exploits.
- Hardware wallets and word lists are conspicuous. Avoid traveling with them.
- 25th words are ok for security and good as accounts, but not as "Duress Passwords'. We need to stop promoting duress passwords. Attackers know of this strategy and they incentivize violent coercion.
So you are saying only way is to remember the 12-24 words when traveling instead of hardware wallets?, mine looks like a usb key and is only the cash wallet not the long term savings one, would work as a decoy also, there is some pocket money there. If even police is trained to look for metal plates, what are the other options? BitBar? I don’t trust my brain enough, anyway I zapped you, all good and valid points. 🙏🏼
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