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What I fear most isn’t losing money—it’s waking up one day to find my wallet emptied, and I don’t even know which authorization opened the backdoor.
In plain terms, hardware wallets, multi-signature, and social recovery are three levels of “fear of death.” For someone like me who gets a blood-pressure spike at the sight of unlimited authorization, it’s definitely a hardware wallet as the foundation, and then—if anything—large amounts moved into multi-signature. But honestly, the multi-signature process is a pain to deal with; every transfer feels like a vote at a meeting. That’s only suitable for truly big money.
Social recovery? How long has EIP-4340 been talked about—how many people actually use it? Not many. Friends lose their keys faster than you do. Anyway, I don’t need it at this stage. For now, that’s how it is.
Recently, all those Meme coin influencers have been shilling buy signals. Old players keep telling people not to catch the last train. But I think what’s even more worth warning against is this: clear your authorizations first. Not making a profit isn’t embarrassing. The real heart attack is forgetting to revoke an authorization—then waking up to a zero balance.