he said his seed phrases were in lastpass. There is no 2fa protection for private keys if the assets are in his crypto wallet and he's custodying them.
He said there wasn't much value in the wallets. Doesn't strike me as crazy to keep a small amount in something convenient. You see a similar convenience/security trade off made by big players, with immediate transactional needs satisfied by online/hot wallets and reserves held in offline/cold wallets.
I can see it both ways. It is putting all your eggs in one basket. The flip side is your vault is supposed to be protected enough that shouldn't be an issue.
Sakos|3 years ago
scott00|3 years ago
k_roy|3 years ago
I can see it both ways. It is putting all your eggs in one basket. The flip side is your vault is supposed to be protected enough that shouldn't be an issue.