1776's avatar
1776 6 days ago
I walked a local purveyor of farm fresh eggs, chickens and lamb through everything about how to sweep funds from on-phone wallet to cold storage. Stressed the importance of backing up the mobile wallet. Provided written guides and video links. Made myself available for questions any time. I bought eggs and meat from her for a year. Periodically checked in to see how it was going. She got a new phone. No backup. Wiped. And got pissy with me to boot. At least I got my copy of the Bitcoin Standard back from her. Unopened. 🤦‍♂️

Replies (3)

₿eth's avatar
₿eth 6 days ago
I have done this. To myself. Thought I’d remember the passcode, nope! Small donation to sat neverland and a lesson with a price tag. For those that I help set up a hot wallet on their phone, they have to be okay giving me their words/recovery info, or I won’t do it.
Upgraded iPhone, transferred old to new with Apple’s native NFC. Had a funded hot wallet on old that I rarely used. Hot wallet appeared on new iPhone with all other apps. Good to go, until I went to USE the wallet at a later date, prompted to create new wallet. As practice I had recorded seed and recovered, but admit an “oh shit” moment. Something like that just doesn’t come to mind. I doubt that even an old phone backup would have restored seed—security feature not a bug. Self-custody? Not difficult. Safe-custody? Don’t kid yourself or anyone else. You can inoculate against one scenario but get bit by another. This ColdCard event case in point. On steel? Great, get the sander out and at least you can reuse and save a couple bucks.