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Comment by mrb | Hacker News Reader

Wrong. In the US you may be liable for the full amount stolen if you fail to notice the theft in 30 days. Even if you report the theft promptly, the law allows your issuer to make you liable for the first $50.

Also you completely ignored my point about hardware wallets making theft a non-problem.

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> the law allows your issuer to make you liable for the first $50

This has never happened to me, and ive had a CC compromised a few times.

If someone steals your hardware wallet, what do you consider that?

Physically stealing a hardware wallet is typically not usefull because they are PIN-protected. And you can back them up by writing the 12/24-word seed in a safe/hidden spot.

Can't you steal a hardware wallet ?

They are typically PIN-protected. And you can back them up by writing the 12/24-word seed in a safe/hidden spot.

What assurance do I have that the HW wallet vendor doesn't have my seed written down for when they decide to retire?

If you are paranoid you can choose your own random seed when initializing the wallet.

Sure, so don’t ignore your finances for a month.

You will still be liable for $50. And you again ignored my point about hardware wallets making theft a non-problem.

Actually it can still be stolen, but like an impenetrable safe full of money, of no use to the thief. You’d still be screwed though!

Not screwed, because a hw wallet can easily be backed up by writing down the 12/24-word seed in a safe/hidden spot.

Our discussion thread demonstrates that more education is needed around hardware wallets, as most people have no idea how they work or even that they exist.

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