JAN3 CEO says ‘Bitcoin Signing Device’ is better term than hardware wallet

JAN3 CEO Samson Mow argued the term "Bitcoin Signing Device" should be used instead of "Bitcoin hardware wallet." Mow said Bitcoin is not stored inside a device but exists on the blockchain, while the device uses keys generated from a seed to sign transactions. He said the device should not be framed as a long-term storage tool and described securely backing up the seed as the more important issue. He added that while some have pointed out sales fell when Trezor and others tried a similar name change in 2016, the industry and users now have a better understanding and the idea should be tried again. Mow also said devices differ in how they generate and store keys, but their common function is signing.