| submitted by /u/Suberg
Jack Mallers, founder of Zap, an open source Lightning Network wallet and Bitcoin enthusiast, tweeted out some improvements made to the Zap wallet …
Google Alert – bitcoin
Just some sane advice, this time without a horror story to make the point :0)
If you put some real money in BTC, what exactly is that amount when talking about 'real' will depend on you, we all should know to use a hw wallet.. But how many have actually tried there seed to restore their wallet? What if your wallet gets lost, broken or what ever, and you need to access your funds quick?
My advise; buy a second hw wallet form the start, check your seed on the second wallet after the first small deposit. Only then proceed with putting more money into it.
Please also store your seed and backup hw wallet safe. For me safe means both separate, in a fire proof safe.
If one is afraid of robbery, you can make a decoy wallet, on my ledger I can. Also in that case put the decoy seed as the easy to get and the true seed really hard to find, use your imagination..
If you go this way I think you need to go all the way… Don't tell your partner, kids, or for that matter anyone how much you have, or that you use such a decoy wallet. Under real pressure most will crack and start shouting things to you like "please just give them all we have" or whatever. And with you or a family member at point blank of a gun it will be hard enough to keep your sense and only give them your decoy wallet or seed.
While we're here put at least some convincing money in the decoy wallet…, with a lambo on the drive way do you think they will settle for that hundred or a thousand buck?
Are we talking about big money, that would be for investing and thus not needed to access quickly? We are putting it in several hw wallets, stored at different locations and again we haven't been bragging about the amount or these different locations. Again we have checked the seeds to work and stored these save.
To be honest I just recently made my hw backup wallet. I guess just like most I started small but after a year realized it was becoming some real money I had put in. And it does feel better now I know I have made some preparations for losing my hw wallet or worse.
Want to be your own bank? Then be it!