The third time I see people treating “security” as mysticism… to put it simply, your wallet setup depends on your asset size and your daily routine. If you’ve got a small amount and you don’t want to go through too much trouble: a hardware wallet is enough—just don’t take pictures of your seed phrase and upload them to a cloud drive. If your money starts keeping you up at night: use multi-signature—yourself + another device + a trusted person/organization, with each holding a key. Don’t let “me alone manage everything” turn into a single point of failure. Going a step further, if you’re afraid of losing it or forgetting: social recovery is pretty appealing, but you have to think clearly first about who “social” actually refers to. Your friends today might also end up on the lost-contact list tomorrow. As for those recent new L1/L2 projects—handing out incentives to pull in TVL, while old users complain about “mine, stake, withdraw, and sell.” I honestly think it’s more like a reminder: liquidity runs faster than people do—don’t let your key management follow your emotions. Anyway, don’t stuff all your assets into one pocket; if something goes wrong, you won’t even have time to make self-deprecating jokes.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin