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RE: Crypto Tips Unplugged: Dangerous Trend in Bitcoin
Crypto 101: Not your private key, not your crypto. And as for using hardware wallets from a third party that you carry in your pocket...
I'm off to check my pockets for "Private Wallets". Anyone know what I'm looking for?
I always thought that HARDWARE wallets was bs, since you then are trusting a 3th party, which was what we was trying to avoid in the first place with cryptos... plus you have to pay for the device...
the best advice I ever heard was:
you can also type your key by hand, then you should also know that no software is sniffing your print...
and so on and so on...
STEEM is very safe, there is a decentralized recovery.
I consider a hardware wallet more secure than a key that you print, unless you print from a PC that will never be connected to the internet ever again.
Trusting the securing of your funds is not the same as trusting someone with wealth creation and distribution. I have no issue with using a good hardware wallet, they are very valuable tools. The caveat is that you must buy directly from the OEM, and you must ensure that it has not yet been initialised when you receive it. Otherwise you risk getting a compromised device.
Naaa, paper backup is better, then any hardware device...