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You are right, I didnt really think about it in much depth. I have not used a pasted strop at all, hanging or otherwise so I wouldnt know. Seems like a 2-4 sided paddle strop would be the best...

You could very easily get away with a $70 initial investment that will keep you going for quite some time, say 1-3 years. $40 shave ready Wapi, $30 for a hanging strop, one side pasted. But lets be...