On: Bitcoin exchange Youbit shuts after second hack attack

[joosters]

For long term storage, that sounds a terrible idea. Do you really want to trust your savings to $20 of electronic components that aren't designed to last more than a few years?

[nop_slide → joosters]

The wallets can be regenerated using your seed phrase. So your argument should really be, "Do you really want to trust a $0.02 piece of paper" :)

[joosters → nop_slide]

Exactly. The hardware wallet is pointless.

[Kiro → joosters]

You should save the seed words somewhere as backup.