XRP Ledger Co-Creator Reveals 'Nuclear Briefcase' Strategy for Bitcoin Cold Storage

The article discusses a Bitcoin self-custody and inheritance strategy proposed by former Ripple CTO David Schwartz after a Coldcard wallet firmware bug exposed the risks of relying on paper wallets and flawed wallet software. Schwartz argues that paper backups are vulnerable to fire, loss, and theft, and instead recommends a split-control setup using hardware wallets and trusted family/friends. His "nuclear briefcase" method is designed to reduce lifetime theft risk while ensuring heirs can recover BTC after death. The piece is commentary on crypto storage security rather than a direct market-moving event, but it reinforces the importance of robust cold-storage practices following a high-profile wallet exploit.