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30 sats \ 3 replies \ @BeeRye 24 Oct \ on: Self custody strategies for small volunteer orgs with rotating staff? bitcoin
just start with something way simpler, like a lightning address setup with rizful or something, imo. Then, graduate to something more complicated if the need arises, but don't start with multi-sig, especially if they are not experienced with how bitcoin keys and wallets work.
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55 sats \ 2 replies \ @SimpleStacker OP 24 Oct
I think the thought behind multisig was to make it harder for a single person to steal all the funds. But when I looked at other aspects of the church finances, multi-sig sign-off is not required for other types of (fiat) spending. So there's definitely an assumption of trust already built in, so maybe it's fine to use single sig / single user managed LN node for now.
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30 sats \ 1 reply \ @BeeRye 24 Oct
you can go single sig but have multiple people with access to the xpub. That way if some bullshit is going down, people will know as you can see everything going on in the wallet.
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55 sats \ 0 replies \ @SimpleStacker OP 24 Oct
Yeah I think that's the way to go at first.
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