There should be more discussion about how to store value without counterparty risk.
Most people think it is as easy as ordering a hardware wallet, following the process the wallet software suggests and - hurray! - your keys, your coins!
But it is not that easy. You also have to cut the wallet manufacturer and the software developer out of the loop.
I have yet to see a description on how to safely create a wallet that really does away with counterparty risk.
The way I understand Bitcoins signatures, there could be a way. But it would involve to somehow put your secret key into multiple air gapped, RFC-6979 compliant hardware wallets. And then create addresses and sign transactions with those hardware wallets without ever connecting them to a computer. And compare the addresses and signatures between these wallets to make sure they match. Because otherwise, the wallets could taint the output in a way that signals data back to the manufacturer.
I don't even know if there are fully operational air gapped hardware wallets on the market.
Most people think it is as easy as ordering a hardware wallet, following the process the wallet software suggests and - hurray! - your keys, your coins!
But it is not that easy. You also have to cut the wallet manufacturer and the software developer out of the loop.
I have yet to see a description on how to safely create a wallet that really does away with counterparty risk.
The way I understand Bitcoins signatures, there could be a way. But it would involve to somehow put your secret key into multiple air gapped, RFC-6979 compliant hardware wallets. And then create addresses and sign transactions with those hardware wallets without ever connecting them to a computer. And compare the addresses and signatures between these wallets to make sure they match. Because otherwise, the wallets could taint the output in a way that signals data back to the manufacturer.
I don't even know if there are fully operational air gapped hardware wallets on the market.