Idiot question- Remind me why I need a hardware wallet instead of paper wallets.
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Idiot question- Remind me why I need a hardware wallet instead of paper wallets.

Idiot question- Remind me why I need a hardware wallet instead of paper wallets.

I bought some BTC way back around 2013-14. I still have my private keys printed on paper wallets in my fireproof, waterproof secret secure location. The wallets were created offline on a laser printer I own. I can scan the public keys and I see that my funds are still there, apparently safe and sound. I am saving for the long-term. BTC is part of my retirement. I won’t need it for 20-30 years (unless it jumps so high I can retire early).

Recently, for the first time in a long time, I purchased more BTC. I’ll probably DCA for awhile to accumulate. I know paper wallets aren’t a thing now, so I bought a Trezor Model T. I don’t have it yet- it should arrive in a few days. For some reason I am feeling less confident with the idea of a hardware wallet. I am worried about:

  • My seed. If I need to keep track of the seed, why not just keep track of the private key? I can generate a key offline and send money to it. Seems like the Trezor is just an extra step in the middle. Enter seed to get private key- why?

  • What if it breaks? My paper wallet won’t break, but technology can break. I’d hate to be 60 years old, ready to retire, and the Trezor won’t “fire up.”

  • I assume technology will be significantly different in 2060 and beyond. Will I even own a machine that has a USB for the Trezor? Imagine if I pulled out my Apple IIe to do some accounting in 2020. It’d be sort of like that.

Amazon will send my Trezor in a few days. Can someone reassure me that putting my BTC on it is the right decision for me?

submitted by /u/marfalump
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