byza on Nostr: In Brazil, people have a habit of carrying a 'thief's wallet.' It means carrying two ...
In Brazil, people have a habit of carrying a 'thief's wallet.'
It means carrying two wallets: one hidden with large amounts of money and another with just a few bills. The second one is what you hand over if you get mugged.
The same logic applies to Bitcoin cold wallets.
You can have a wallet with a small balance and a 12-24 word seed—that’s your 'thief’s wallet.'
Then, you create another wallet using the same 12-24 word seed but with a passphrase. That’s your hidden wallet.
It means carrying two wallets: one hidden with large amounts of money and another with just a few bills. The second one is what you hand over if you get mugged.
The same logic applies to Bitcoin cold wallets.
You can have a wallet with a small balance and a 12-24 word seed—that’s your 'thief’s wallet.'
Then, you create another wallet using the same 12-24 word seed but with a passphrase. That’s your hidden wallet.