/biz/ - Business & Finance

>>29063176
Oh I wish everyone were following one single standard for mnemonic seeds. Ledger uses BIP-32, Trezor uses BIP-39. In the end in a diverse cryptocurrency environment you will need to relay on mnemonic seed converters. I dream of the day all wallets are supporting the standard that lets the seed to be combined with a passphrase, that would be ideal.
It's all about the trade offs. I clearly admit that using a commercial hardware wallet is the simplest solution, but it's not perfect for all cases. Again, not everyone lives in a country where you can safely buy (or afford) a commercial hardware wallet. Having a USB stick also gives you some more flexibility with being able to back up more than just your keys. Yes, technically this solution can be considered less safer than having a device that has been constructed uniquely to cryptographically sign a transaction, but honestly ask yourself what are the chances that a random person will be target of a hack that would inject malicious code on a OS that was booted from a USB stick. What computer would be infected with a virus residing on the memory that would inject on the USB on boot? Are you plugging your USB on the CIA headquarters? 99.99% of the people would be reasonably secured using this DIY solution.