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by zeroclip
1397 days ago
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False equivalence. If you lose your crypto hot wallet, you might lose $100 as well. Much less of a hassle than losing your physical wallet with several important credit, debit, health, driver’s, and ID cards. A hot wallet is meant to be used like cash in your pocket. Putting thousands or millions of dollars in your pocket would be unwise. The same logic should apply to a hot wallet. You can store higher amount of wealth in a cold wallet, like a multi sig or smart contract wallet that has social recovery and transfer protection. |
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