Recently, I’ve seen people treat “hardware wallets/multisig/social recovery” as a choice among three beliefs. Honestly, it still comes down to how much you currently manage and whether you can tolerate the hassle. For small amounts used in everyday life, a hot wallet is enough—you really don’t need to jump into multisig and lock yourself out right away. When you reach a larger scale, I lean toward using a hardware wallet as the baseline—at least to plug the “computer infection” risk first. After that, multisig is the next step: security is more solid, but every operation feels like a psychological stress test like a cross-chain transfer—delays, confirmations, getting signatures from others… If you get impatient, it’s easy to make mistakes.

I’m pretty conflicted about social recovery. Losing the seed phrase can be life-saving, but it’s also equivalent to bringing “people” into the risk equation. With my naturally suspicious mindset, I end up wondering: is this basically setting a trap for myself? Recently, around a major chain upgrade/maintenance on the main chains, everyone was speculating whether projects would migrate. Instead, I first look to see whether there are any sudden large movements on the bridge. If there really is a move, it’s the moment when permission management gets chaotic that’s most likely to cause trouble. In any case, my approach is to patch things up: first fix the most obvious holes, and small tweaks are enough—don’t overhaul your entire system all at once, and then end up with one that won’t even boot anymore.