pull down to refresh

One lesson is that 10 hot wallets are more secure than one hardware wallet.

Eliminate single point of failure

I disagree.

No hot wallet, or cold wallet for that matter, will stop thieves if the victim literally, voluntarily gives out a seed phrase over the phone.

reply

He should have at least 3 different hardware wallets or desktop wallets

Or run a node

reply

Those things not mutually exclusive.
I know some people like multi-signature. At least that way he couldn't give out a seed phrase if drunk/tired/lack of judgement etc. For those amount of sats seems worth it imo

reply

Agree about multi signature

You’re right: he can do all of the above

Edit:
If you only have one wallet then multi signature is the best option

reply

True, that is more resilient, but the backup solution will be more complex/complicated if you're not using multisig.

reply