this is going to be a very flexible wallet and it is an additional DIY option.
I don't see how it is any more flexible than an external HDD. The ones that don't have separate AC power are very slim and portable.
by flexible i meant the steps can be changed. like using an external Hard Disk. or using another linux distro,...
it is a
Do
It
Yourself after all.
such as backups which are obvious part of any kind of wallet.
Making such assumptions is horrendous considering most people
do not have or create backups (or at least not proper backups).
yeah, you are right. i usually forget this
...and with today's modern USB 3 disks, specially some brands the lifetime is extremely long and they are resistant.
No.
[...]
Doesn't matter if its not used or not, it may die from age.
yes, the newer models are handling the power much more efficiently this not only decreases the chance of data failures but also increases their lifespan.
the usual lifespan of USB disks is called to be around 10 years (of course it solely depends on the usage).
i currently have my wallet installed on a 10 years old USB 2 disk and i have been using it at least twice a month for the past 3+ years. it is still alive and working fine. if someday it dies (which i am waiting for it before i switch to a 16 GB USB 3.1) i just buy another one and install everything again and recover from the paper which i wrote my seed on 3+ years ago.
for $10 i find my setup pretty good.
the external HDD is a good suggestion and obviously improves things a lot. but it also costs more and you either have to ignore the extra space or end up partitioning your wallet and use the rest of the space which means it won't be a dedicated device for your wallet only.
$50-$100 is a trivial cost if you need cold storage. You'd have to be an idiot to use a strong cold storage setup for trivial amounts of Bitcoin IMO.
i agree, that is a valid option.