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> There was a guy a while ago who bought a hardware wallet on ebay and lost all his coins.

Was this because he sent his coins to a paper wallet that the seller generated for him? I would be impressed if someone had actually managed to produce a fake trezor, but even then, it's pretty straightforward not to buy them on ebay.

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Yes, what happened was the seller went through the initial setup process for the wallet and put a nice-looking laminated card in the box with the recovery key. The buyer didn't realize there was something unusual about this, and didn't re-generate the keys before using the wallet.

My point is, many investors are worried that they'll make a mistake, lose all their money, and then people will just shrug and call them stupid when their story hits HN the following day. With this Coinbase fund, there is no such risk.

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