no, i do NOT think that cold storage should be the default for most people
99% of the population is not intelligent enough to cold store properly, hence they are probably both better off in convenience and SAFETY, with their assets held in custody by select centralized entities
99% of the population is not intelligent enough to cold store properly, hence they are probably both better off in convenience and SAFETY, with their assets held in custody by select centralized entities
https://twitter.com/cyrilleune/status/1465198692713914372
if you have extreme paranoia and dont trust any entities or defi protocols, then go ahead and cold store
but i would not recommend any beginner to cold store themselves, especially if they only have BTC and ETH and do not do any defi or NFTs at all
ultimately, its up to you
but i would not recommend any beginner to cold store themselves, especially if they only have BTC and ETH and do not do any defi or NFTs at all
ultimately, its up to you
crossing the chasm to interact with chains directly is a big jump that MANY never cross
but if they do, they will definitely benefit from a hardware wallet
the idea of cold/hot storage is very fuzzy when its comes to smart contract chains
if you use the chain, use a hw wallet
but if they do, they will definitely benefit from a hardware wallet
the idea of cold/hot storage is very fuzzy when its comes to smart contract chains
if you use the chain, use a hw wallet
on a more morbid note, assets held in custody are significantly easier for estates to extract to distribute to beneficiaries
assets in cold storage necessitates a very trusted *AND COMPETENT* executor that not only knows how to extract your assets, but where they are as well
assets in cold storage necessitates a very trusted *AND COMPETENT* executor that not only knows how to extract your assets, but where they are as well
if you have people in your life that you adore and want to be taken care of in case anything happens to you, but you know that they are too dumb (or disinterested) for this task
its on you to make sure that your affairs are organized properly so that your wishes are fulfilled
its on you to make sure that your affairs are organized properly so that your wishes are fulfilled
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