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    Author Topic: How do big companies store their bitcoins?  (Read 698 times)
    SquirrelJulietGarden
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    December 18, 2024, 02:46:33 PM
     #41

    Combining multiple setups is also an option.
    I don't know your implication with "Combine multiple setups" but I think complexity is terrible. I guess you implied that they, with big fund, can split their fund to different wallets, and they can use different methods for setup and backup of these wallets. Like 10 wallets with multisig, 10 wallets with cold wallets ...

    If combine here means combination of different things in backup, it can lead to diaster when in the end they fail to recover these wallets.

    How to backup a seed phrase.
    Quote
    Seed Backup Threat Model

    We already know why we are creating seed backups - to protect against loss of whatever devices (if any) we are storing the keys on for regular use. But what do we need to worry about protecting the backups themselves against?

    Loss due to destruction
    Loss due to complexity not being able to restore from backup
    Loss to an attacker
    Before we get into any specific backup methods, the first question you should answer is: how many backups do you actually need? One may not be enough!

     
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