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RE: The Only Bank I’ll Ever Need (or so I hope 🤞)
I'm happy with 1 Nano for now. Might branch out in the future and get a Trezor. In regards to your concern, if the Nano ever breaks, gets lost, etc., all that would need done is to purchase another one and then input the 24-word recovery seed to gain access to my assets again. Keep in mind, the assets aren't actually stored inside the device, they are stored on the blockchains associated with each currency. All the hard wallet is doing is protecting your private keys, keeping them offline instead of online.
The reason I invest in other currencies is because there is value in other projects also. I get the concept of being biased with Steem, but at the same time, we can't ignore the technology being birthed on other chains as well :)
Can you explain what the 24-word Recovery Seed is?
Do you mean a key (that's 24 letters long)?
And if it's a standard, random mix of letters and numbers, won't you lose access to that key if it's stored on the Ledger, and you depend on the Ledger for your keys?
I would like to see recovery options in place, much like Steem has a recovery system in place. That's the major thing that is keeping me away from other cryptocurrencies.
If you cover other cryptocurrencies, their strengths, and made comparisons with Steem, it would help me discover if my biases are correct, or if I'm just blind.
Thanks for all that you do.