5 sats \ 6 replies \ @frostdragon 26 Apr \ on: Something about Bitcoin that scares me security
Basic wallet security fixes a lot of this, and none of it protects you from being tortured until you give up your funds anyway. But it's not like our fiat system is stopping people from stealing money. There's always going to be a way to steal money.
For your "spending" wallet, which will have just enough to cover expenses for a month or two, using a hardware wallet w/ passphrase is fine, especially if you store the passphrase and backup in separate locations.
For long term life savings, using multisig w/ multiple locations or collaborative custody multisig is the answer. It's essentially thief resistant. Unchained is expensive to use, but they have a lot of free materials on how to do this well by yourself.
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A cash transfer can’t be blocked
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I’m talking physical cash