So how’s that narrative that Bitcoin can’t be seized by governments working out
Conversation
To anyone who thinks Bitcoin is unseizable and its long track record of being routinely seized by governments is because people were doing it wrong...
I invited you to read Jaems Mickens' "This World of Ours"
usenix.org/system/files/1
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"But muh hardware wallet..."
...stores your full BIP39 seed, in a secure element (if that), and typically only adds ~30 bits additional entropy in the form of a PIN, which is easily brute forced if you can extract the seed.
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Also things like decapping attacks against secure elements aside, there's a very effective attack to recover your PIN called "watching you enter it"
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If you have a hardware wallet initialized with a BIP39 mnemonic, you almost certainly have that written down somewhere.
They can find that.
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Replying to
It's why 24 word seeds are useful to split them into 3 parts where 2/3 parts are required. Having the whole seed phrase stored in a couple places is quite a weak point even if well hidden.
I'm sure more people lose funds from losing the seed phrase or it being damaged though.
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These are really nice:
cryptosteel.com/product/crypto
I wish they'd had that years ago because it's nicer than their older cassette approach. They have them in packs largely for splitting seeds.
SLIP39 is the Shamir's Secret Sharing version of BIP39:
github.com/satoshilabs/sl
