This story intrigued me (from https://www.onceinaspecies.com/p/scammers-want-your-bitcoin).
There were 200 Bitcoin sitting in the safe when the burglars pried it open. This wasn’t a low-level smash and grab job. Investigators would later determine that this was a professionalized crew from Colombia who had snuck into the country to target lavish homes in Hollywood.
But they were not expecting a fortune in Bitcoin for the taking. And they never noticed it.
This Bitcoin was stored on a paper wallet and taped to the ceiling of the home safe. A Bitcoiner’s personal fortune was saved by the providence and foresight of a small strip of painter’s tape, snugly fastened where grasping hands would not think to look.
I heard this true story because I work in the Bitcoin custody space. I suspect that I would not have heard this tale if it had an unhappy ending. We tend to more readily share our wins rather than our painful losses.
It certainly adds a new spin to thinking about custody, am I right? Obscurity is important, which means not having an easily recognizable set of 12 words somewhere, especially in a place where you put valuable things - a safe.