Hardware wallets may be convenient and "cool" but they are still a point of vulnerability. Multiple encrypted copies of paper wallets are much safer.
Jimbo, all the advices you give about paperwallets are really good, but I think probably have a misunderstanding about current hardware wallets: What is the point of vulnerability you are refering to?
I mean, you say as if they had a con in comparison to paperwallets... which is it?
Lack of redundancy. If you lose your hardware wallet or it's stolen or destroyed by some calamity aren't you out of luck?
Maybe I'm out of date but can you keep multiple hardware wallets with the same addresses in multiple offsite locations?
This is exactly what I thought. You have same misunderstanding I had before being sold on the concept. Why do you think I am almost beating everyone to buy one?
When you first configure your device a seed will be generated (you can modify it if your are fucking paranoid) the same as with software wallets.
YOu can write down that seed (24 word list) the same as you would do with a paperwallet, you could configure a second device with the same seed.... you could do whatever you want the same as you would do with a paperwallet. But the plus is, when you USE it, all the signing of transactions is done inside the device so you will never expose your private keys to a computer as you would have to do with a paperwallet when you decide to "claim it".
Look, you have a bunch of bitcoins (WAY more than me), don't be cheap and buy one now, it's less than 100 bucks, try it, play with it for a while.... even if only for some little part of your stash (sorta warm wallet, because its a secure as a cold wallet, but as convenient as a hot wallet), and I am sure you will love it. Trust me.
