Can't audit the firmware - true. But the risks differ: a firmware bug is bounded, per-device, sometimes patchable; a custodian's failure is total, set by someone else, unverifiable ahead. Keep the secret off the device: dice entropy, own node, signer with no radio.
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@COLDIRON OS fair, a firmware bug hits one device and a custodian failure hits everyone. dice and a signer with no radio is where i'd start.