"With multisig, hardware wallets make less sense to me for your long-term setup because of the issue of hardware wallets storing a digital copy of your private keys.
When you set that hardware wallet up, what's the first thing they have you do? Take out the card that came with the hardware wallet, write down these 12 or 24 words, and store them in a safe place.
Even with a simple multisig, you end up having a lot of places where you need to hide things.
For a simple 2-of-3, you now need six hiding places: three for the hardware wallets and three for the backups.
My argument is that for your long-term cold storage, let the analog, physical copies of your private keys be the ones you worry about securing. Focus on those physical backups, because you are going to have to worry about how you're securing them anyway."
~ Seed
Listen to Chat_167 - Why Your Keys Matter with sesi_the_man (nprofile…0yt3) on Bitcoin Audible with TheGuySwann (npub1h8n…rpev) , available on all major platforms:
🔗 Fountain: https://fountain.fm/episode/afPM32LwtbzpLcqnJXdT
🔗 YouTube: https://youtu.be/Tc_Pw1eYSP4
🔗 Rumble: https://rumble.com/v79tuv2-chat-167-why-your-keys-matter-with-seed.html
Bitcoin Audible
npub1hw…zlg0q
2026-05-20 17:47:56 UTC
Author Public Key
npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0qPublished at
2026-05-20 17:47:56 UTCEvent JSON
{
"id": "ada280893580c22ce9fa14908c0db24c8f32dcb3e40a636c9369c5d910b99a28",
"pubkey": "bbaa26ee6441184205025a4d33f400de6665b9a98af8e1b6b582e52ce2c1c47c",
"created_at": 1779299276,
"kind": 1,
"tags": [
[
"p",
"4a565f2661964aef0c3ee87b99c9a5731aa8dd8a80326f96a46fd7f207e8613a",
"wss://nostr.wine",
"mention"
],
[
"p",
"b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc",
"",
"mention"
],
[
"imeta",
"url https://blossom.primal.net/f25e8b3aa3deef21040e71d8821707df7fb14533d91fe38f609f861d8143e1f7.mp4",
"m video/mp4",
"dim 1080.0x1920.0"
]
],
"content": "\"With multisig, hardware wallets make less sense to me for your long-term setup because of the issue of hardware wallets storing a digital copy of your private keys. \nWhen you set that hardware wallet up, what's the first thing they have you do? Take out the card that came with the hardware wallet, write down these 12 or 24 words, and store them in a safe place. \n\nEven with a simple multisig, you end up having a lot of places where you need to hide things.\nFor a simple 2-of-3, you now need six hiding places: three for the hardware wallets and three for the backups.\n\nMy argument is that for your long-term cold storage, let the analog, physical copies of your private keys be the ones you worry about securing. Focus on those physical backups, because you are going to have to worry about how you're securing them anyway.\"\n~ Seed\n\nListen to Chat_167 - Why Your Keys Matter with nostr:nprofile1qqsy54jlyesevjh0pslws7ueexjhxx4gmk9gqvn0j6jxl4ljql5xzwspzpmhxue69uhkummnw3ezuamfdejszrthwden5te0dehhxtnvdakqfy0yt3 on Bitcoin Audible with nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev , available on all major platforms:\n\n🔗 Fountain: https://fountain.fm/episode/afPM32LwtbzpLcqnJXdT\n🔗 YouTube: https://youtu.be/Tc_Pw1eYSP4\n🔗 Rumble: https://rumble.com/v79tuv2-chat-167-why-your-keys-matter-with-seed.html\nhttps://blossom.primal.net/f25e8b3aa3deef21040e71d8821707df7fb14533d91fe38f609f861d8143e1f7.mp4",
"sig": "19a2bdfba32067f00f92106345c1524eeb8f66723a4c7c2fc560a7d0e662d3fe14833e8e9264f002b01b10e3051f536f81f7db51611b8497aa6d5d918d20247e"
}