News for hackers. Stuff that matters.

A comment on Coinbase from YC to DPO. Parent comment

Re:Coinbase from YC to DPO by microtherion on Wednesday April 14, 2021 @04:34PM (#26812682)
Then again, you rarely have to dig through a garbage dump for your house because you accidentally threw it out: https://www.cnbc.com/2021/01/15/uk-man-makes-last-ditch-effo...
[ Parent | on HN ]
Re:Coinbase from YC to DPO by anonporridge on Wednesday April 14, 2021 @05:02PM (#26813037)
True, but houses burn down all the time. Or get destroyed by "acts of god" that insurance won't cover.

If you backup your private key in a redundant way, multiple storage locations can be completely destroyed without any loss. If you were really paranoid, you could distribute it around the world to mitigate geographic and geopolitical risk.

[ Parent | on HN ]