Seems like maybe crypto having a single point of failure (keys) is a problem rather than hardware.

You will never be completely secure against failure, the only way to protect yourself is to be able to robustly recover from failure.

I'd rather be able to say "every single government is in my hardware and they still can't touch it."

Perhaps possible with multisig, but now you're basically back to trusting banks.

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rhyperior 6 hours ago | parent [-]

Keys don’t have to be a SPoF though. Multi-signature schemes are the baseline for security today.

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dingaling911 5 hours ago | parent [-]

Right, but who is the multi in the multisig and what happens if they die.

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rhyperior 5 hours ago | parent [-]

You can be the multi yourself. Choose diverse hardware (ie, not all the same Ledger) and your likelihood of compromise changes significantly in your favor.

Sure, loss of seed material would be catastrophic so have a backup scheme. The point isn’t that you can make it perfect, but there’s laughably risky and imperfect solutions and putting everything on a single key HW device like this is the poster child.

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dingaling911 4 hours ago | parent [-]

OK but if your wallet gets doxed, you can still be forced to give it up by criminals.

	▲	rhyperior 2 hours ago \| parent [-]
		Indeed! The pipe wrench attack, employed since valuable things existed!