20 sats \ 3 replies \ @Bell_curve 11 Sep \ on: Use Your Old Phone To Store Bitcoin? bitcoin_beginners
It’s not a bad idea but it’s not a replacement for hardware wallet
It's helpful having someone walk through what the potential pitfalls are.
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For sure
I watched the video this morning but can’t remember all the details
He does a good job of explaining the pitfalls and dangers of old iPhone
Using a hot or mobile wallet is safer on old phone vs current phone imo
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The most significant points, as I recall:
- Catch 22 between security updates and staying offline
- Not knowing what potential malware is already on your old phone
- Not knowing if the manufacturer built in backdoor access for governments
What's interesting to me, is that these all seem like issues for any storage device (at least for people who aren't tech experts).
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