Where should you store or bitcoin seed phrase backups?? 👇 A good framework for deciding how to store your seed phrases might be to consider the following for yourself or your organization: 🤔Are you using the correct custody model (should you use multisig to eliminate single points of failure)? 🤔What is the current or expected future value of your bitcoin? 🤔What is the safety status of your country/state/city/neighborhood? 🤔What unexpected natural disasters could reasonably put your seed phrases at risk? 🤔Don’t overcomplicate it. Unnecessary complexity is a security threat. You can be your own worst enemy. Each custody model comes with its own set of tradeoffs: 🔸Singlesig - You only have one seed phrase to secure, but if that's compromised, your bitcoin is compromised. 🔸Singlesig + passphrase - With a passphrase, you avoid the risky practice of using just a seed phrase, but it still allows for single points of failure—if your passphrase is lost, so is your bitcoin. 🔸Multisig - Eliminates single points of failure, but requires multiple secure locations for key material. 🔸Shamir’s Secret Sharing Scheme - Resembles multisig by splitting a single key, but requires a single point of failure at creation and spending time. Now let's talk about locations for your seed phrases. Here are a few places you should NOT store them: ❌ Out in the open ❌ A drawer/cupboard/shelf ❌ In a filing cabinet ❌ In your bag ❌ At your workplace, unlocked Here are the best places to store your seed phrases: ✅ Home safe (suitable for SS, SS+passphrase, multisig, SSSS) ✅ A second location on your property (suitable for SS, SS+passphrase, multisig, SSSS) ✅ Safe-deposit box (suitable for multisig, SSSS) ✅ A trusted family member 9 suitable for multisig, SSSS)