People keep asking me lately: how should you really choose between a hardware wallet, multi-signature, and social recovery? Put simply, it depends on how much of that “money that won’t let you sleep” you actually have in your wallet… I’m more like “lock up the big chunk first with a hardware wallet,” not “rely entirely on a hot wallet and pray you don’t click the wrong link.” Small amounts can be messed around with casually; a sudden impulsive transaction on-chain is something you can accept. But when it gets to the kind of size where losing it would make you break down on the spot, multi-signature is the only thing that makes sense—just don’t make it too complicated, or you might lock yourself out first. I think social recovery is suitable for people who have bad memories and are afraid of losing their seed phrase, but choosing the right people is even harder than choosing the protocol. Today’s friend is a friend; tomorrow they might be in the group berating you for “getting MEV-sniped again.” Oh, and right now retail investors are complaining that validators are getting too well-fed and that ordering isn’t fair. Watching the mempool also makes me feel pretty helpless, so if you can, stay away from anything that keeps trying to move you off-chain “in plain sight”—at the very least, don’t let your asset security end up getting swept up in your emotions.

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