A printed copy of a bitcoin private key isn’t required to be single-copy by design though, they’re only single-copy if you’re a dipshit.
In fact, they’re only paper-only if you’re an extreme dipshit. They’re digital in the first place, it’s trivially easy to securely store backups, ideally they’d be encrypted and backed up somewhere on the internet but even if you were too paranoid for that it’s not hard to encrypt them and put them on a USB drive kept on your person, and on a backup drive in a safe deposit box.
There’s a whole universe of ways to back up your very large amounts of fake digital money, it’s kind of hilarious to me as a tech worker concerned with reliability that these bazinga-brained morons invented their own security-best-practices and know just enough about ~ technology ~ in general to purchase and physically lose large amounts of bitcoin
Important documents with a single copy are not a new thing but usually you put them in a fireproof safe or safe deposit box if you’re not a moron
Crypto assets :: Not a moron
A printed copy of a bitcoin private key isn’t required to be single-copy by design though, they’re only single-copy if you’re a dipshit.
In fact, they’re only paper-only if you’re an extreme dipshit. They’re digital in the first place, it’s trivially easy to securely store backups, ideally they’d be encrypted and backed up somewhere on the internet but even if you were too paranoid for that it’s not hard to encrypt them and put them on a USB drive kept on your person, and on a backup drive in a safe deposit box.
There’s a whole universe of ways to back up your very large amounts of fake digital money, it’s kind of hilarious to me as a tech worker concerned with reliability that these bazinga-brained morons invented their own security-best-practices and know just enough about ~ technology ~ in general to purchase and physically lose large amounts of bitcoin
I don’t disagree. This is compounded layers of dipshittery