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13 sats \ 2 replies \ @nerd2ninja 2 Aug 2023 \ parent \ on: Smart Vaults (Bitcoin+Nostr) launching soon - sign up for wait list bitcoin
But you're setting up multi-sig with a company that has to comply with regulations, like handing over all your KYC information and transaction history rather than with your friends and your family who are just people and might give up information if like arrested, but still have 5th amendment rights for the most part.
Bitcoin is a public ledger, and digital forensics makes privacy impossible if you’re concerned about nation states.
Bitcoin doesn’t fix the internet privacy problem. But confiscating each individual’s bitcoin is also impossible, even for a nation state.
In the meantime, why do I need an internet protocol to set up multisig with friends or family? Still seems like I could just generate the wallet myself and hand over hardware wallets.
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One of the reasons we built Smart Vaults is because we were tired of dealing with distributed multisig hardware wallets for day-to-day needs. They absolutely have a use case of course, and will be supported by Smart Vaults.
We wanted a smooth, high grade experience where users can approve quickly from their phone.
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