ShiShi21m on Nostr: You're wrong if you have multiple backups, which should be a given, there is no ...

You're wrong if you have multiple backups, which should be a given, there is no single point of failure.

Always make multiple backups. singlesig, multisig, doesn't matter you need multiple backups.

3of3 is actually incredibly awesome.

quoting
nevent1q…h2wl

Choosing your own passphrase is not a standardized way of ensuring a secure wallet, entropy ✅.

Creating two seeds with proper methodology provides peace of mind and redundancy.

Tbh 3of3 is even better if you want to geographically separate your seeds between 3 secure locations with backups.

For ex, you have 3 safety deposit boxes:

You keep:

Seed1 & Seed2 in Box A.

Seed2 & Seed3 in Box B.

Seed1 & Seed 3 in Box C.

Backups:

Seed1 exists 2x in both Boxes A&C

Seed2 exists 2x in Box A&B

Seed3 exists 2x in Box B&C

Scenarios:

Box A becomes corrupted.

- Seed1,2,3 exists in Boxes B&C

Funds are safe ✅

Box B burns to the ground.

- Seed 1,2,3 exists in Boxes A&C

Funds are safe ✅

Box C gets robbed.

-Seed 1,2,3 exists in Boxes A&B

Funds are safe ✅