Just wandering how is your security approach, all the eggs in one basket and try to make it very safe or do you prefer to reduce or split the risk and have eggs in more baskets?
pull down to refresh
10 sats \ 0 replies \ @rebel_nomad 3 Sep
Its very unfortunate, I had a lot of seed phrases, but also lots of boating accidents...
Hell, that last one with that gigantic octopus dragging us down in the Gulf of Siam... Scary shit, miracle that I'm alive!
reply
10 sats \ 1 reply \ @siggy47 3 Sep
Nice try, fed. Don't take it personally. It's an SN requirement.
I'm a many egg kind of guy.
reply
43 sats \ 0 replies \ @Bitcoiner1 OP 3 Sep
Good to know!
reply
100 sats \ 0 replies \ @DarthCoin 3 Sep
Read here: Be your own bank, but first of all THINK like a bank
-
Use the 3 levels of stash...https://m.stacker.news/49656
-
Spread your stash in many different wallets and UTXOs.https://m.stacker.news/49657
reply
0 sats \ 0 replies \ @Ge 3 Sep
Do your research and find which security model works for you
reply
0 sats \ 0 replies \ @supratic 3 Sep
You need to first evaluate your needs and what use your sats will have. There are plenty of variables and ways to enhance security on your basket. It's a long learning journey as every case is different.
reply
0 sats \ 0 replies \ @160ed04091 3 Sep
i surly prefer splitting the risk By distributing assets or data across different systems or locations, you reduce the risk that a single breach or failure will affect everything. This approach can enhance resilience and make it harder for attackers to compromise the entire system.
reply
0 sats \ 1 reply \ @mo 3 Sep
the chicken or eggs unsolved dilemma...
reply
0 sats \ 0 replies \ @Bitcoiner1 OP 3 Sep
Good point, maybe if I take care of the chicken 🐔 I'll end up with more eggs. 😂
reply
0 sats \ 0 replies \ @k00b 3 Sep
If people irl know you own bitcoin use multisig or split your seed with shamir secret sharing.
reply
0 sats \ 0 replies \ @cyberduck00 3 Sep
Always split the risk. It attracts the attention of the malevolent minds but it is the best way to distract for each of the basket will serve as a decoy.
reply