Lately, I've been debating about security: hardware wallets, multi-signature, social recovery—which one to choose? Honestly, it depends on how big your current "asset pot" is. For small daily transactions, don't make yourself feel like you're performing surgery every time you transfer; a hardware wallet is sufficient, and keep some hot wallets as small change. As your holdings grow and on-chain operations increase, I lean more towards multi-signature, which is more troublesome but can block "slip of the hand" mistakes and emotional impulsiveness. Social recovery sounds appealing, suitable for those worried about losing their seed phrases, but you need to first think carefully about whether the "social" contacts are trustworthy... Later, I thought about it and found it quite funny—I used to think just having a good memory was enough. By the way, I've been seeing a lot of fuss about NFT royalties lately; creators want income, the market wants liquidity. No matter how much they argue, it all boils down to one thing: the more complex the rules, the easier it is for people to make mistakes. I still prefer simple rules and regular portfolio trimming. That's how I'll start.

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
  • Pinned