
SLP215 Michael Flaxman - 10x Your Bitcoin Security With Multisig
Stephan Livera Podcast
00:00
The Importance of Having All N of Your Seeds
Never perform a firmware update unless you're sure you have all N of your seeds. If there was a fire or flood and you lost a seed, immediate step one is to regenerate a new one. But if you're ever in a position like that where you're exposed, do not update your firmware because that is the time when things can go wrong. This gets into this nuanced and very detailed thing about BIP 32 paths, which is a much more complicated issue. As a rule, Bitcoin is designed to just work forever. That's what's really cool. It's always backwards compatible. I can't think of anything that I would say you need to upgrade for, but upgrading is always
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