Hardware wallets are an unnecessary expense ($300 +) pushed by marketing, when free options provide similar or better protection: • Paper wallets, air-gapped computers, or open-source software like Electrum can achieve true offline signing without hardware costs or trust issues. • The seed phrase is the real key to your Bitcoin—if stored securely offline, a hardware device adds little value beyond convenience, yet introduces physical risks like loss, damage, or theft. • In criminal contexts (e.g., cartels or illicit funds), recovery seeds can be shared to invisibly transfer assets post-seizure, bypassing blockchain traces and making hardware wallets a tool for evasion rather than pure security. No matter how secure the device, human factors make them vulnerable: • Phishing, fake updates, or scam letters (e.g., “urgent replacement” mails) trick users into revealing seeds or connecting to malicious apps. • If a device fails or locks up (reported in some cases), users are stuck relying on the seed anyway, rendering the hardware redundant. #GM #asknostr #wallets #hardwarewallets #bitcoin

Replies (11)

EDJ's avatar
EDJ 2 months ago
These arguments look odd to me. For example.. how is the criminal context argument a hardware issue? This is how bitcoin and cryptography work; the owner of the seed is in charge.. regardless of where that seed is stored and regardless of the owner's (in this case ill) intent. Feature, not a bug.
roll_the_dice's avatar
roll_the_dice 2 months ago
What are these $300+ hardware wallets? And how is getting a separate computer that you keep offline easier?
.'s avatar
. 2 months ago
Offline devices with good entropy are useful for creating seeds