Replies

--- "If you understood crypto wallets you would know that there are numerous safeguards that one can put in place to prevent them from 'losing' a file."

You make the assumption that I am not informed about "wallets." That is an incorrect assumption. For your reading pleasure:

Cracking a $2 million crypto wallet
Cryptocurrency Hardware Wallets Can Get Hacked Too
Hacking Crypto Wallets Is Latest Strategy in Quest to Recover Lost Billions
Hackers steal $600m in major cryptocurrency heist
Thousands of Coinbase wallets drained by hackers
Many more news items which could be posted, but you should be savvy enough to "search engine" more.
As to owning metals, we hold our own. So now you know a couple who have "risky and difficult to protect" assets which are protected enough by "possession." And privacy. And 2A.

Thank you for the interesting links.

Unfortunately, I don’t know any of the people mentioned in them so my assertion is still correct.

Also, none of them involved losing Bitcoins because they “lost a file”. One never generated a seed phrase and lost a PIN. Others involved crypto exchanges getting hacked. It is a definite no-no to store your crypto on an exchange.

None of your examples involved people using reputable digital wallet software, creating a seed phrase and then taking the wallet offline. While that does take a little bit of effort, it is still much easier to protect than gold is with physical storage and protection with 2A.

In addition to ease of protection, there is no comparison in totality of protection. Your possession, privacy and 2A won’t protect your gold from the government if they feel the need to take it.

I appreciate the heads up regarding hardware wallets. I have never used one and but I didn’t know they could be hacked. I will avoid using them in the future.