In the evening, I opened the drawer to find that hardware wallet, and casually confirmed the backup phrase again... To be honest, it’s suitable for the assets that are “not to be moved around randomly and slowly accumulated,” and the biggest fear isn’t hackers, but yourself slipping up, losing it, forgetting, or getting tired of updating the firmware someday.

As the asset volume grows a bit, multi-signature becomes more like a safe: it’s really troublesome, but splitting permissions makes you feel secure. Especially when dealing with protocol governance votes or signing things frequently, a clear process is more important than saving two minutes. I actually consider social recovery in the scenario of “worried about accidents or poor memory,” because finding reliable people is harder than choosing which wallet brand to use… You need to understand the risk boundaries in this area first.

Recently, someone used ETF capital flow and US stock risk appetite to explain crypto price fluctuations. Hearing it so often makes me want to laugh. No matter how lively the macro narrative is, if you lose your private key, no one will resend it to you. Anyway, the key is to get the “how not to lose it” part right first, and don’t treat security as just following emotional trends.