MultiversX Tracker is Live!

Recommending that the only way to use and hold bitcoin is via an airgapped laptop or via a narrow spectrum of hardware wallets is counter productive.

Bitcoin Reddit

More / Bitcoin Reddit 107 Views

I'm a bitcoin stacker and holder since 2019. No shitcoins. I'm a firm believer that bitcoin will usher in a new era of monetary stability in the medium to long-term future. I lurk on this sub everyday and never post or comment, but I dusted off this auto-made account just to create this one post and then I'm gone again.

There has been a recent outpouring of hate toward some of the most popular hardware wallets (eg ledger and trezor) . These seam to be perpetrated by a few very outspoken commenters, but I'm concerned their narrow-minded views could gain traction. Basically, they posit that the only way to hold bitcoin is via an airgapped laptop or IF YOU MUST, a coldcard. Anything less than this is akin to shilling shitcoins because HW wallets like trezor and ledger allow shitcoin storage.

We need to be realistic here. If we are talking about resetting the financial system, then this means everyone will need to be able to use and store bitcoin safely. Are you really proposing that everyone who wants to store their bitcoin install open source linux, figure out something like glacier protocol, roll dice a thousand times, and only use micro SD cards to store PSBTs? Like, seriously? Not everyone is a cypherpunk. What about people in the third world trying to outrun hyperinflation? Coldcards only? Come on, y'all.

The size of your stack and the duration of your time preference will dictate your security measures. If you are holding <5% of your wealth in bitcoin, I would think trezor or ledger would be fine. That's how I started out when my stack was small. As your stack grows and becomes a larger portion of your wealth, you likely should upgrade your security measures. I use a multi-vendor, geographically distributed multi-sig solution now that bitcoin is a more substantial portion of my wealth.

I won't compromise on shitcoins. It's bitcoin or bust. But we do need to aggressively fight against this narrow-minded point of view that coldcards or airgapped laptops are the only solution for storage. Cluttering up this sub with this viewpoint is going to freak out people new to the space.

submitted by /u/Realistic-Jelly8133
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments