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0 sats \ 3 replies \ @mallardshead 17 Aug 2023 \ on: Difference between 2/2 multi sig, and just splitting a 24 word seed phrase in 2? bitcoin
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The bitcoin that would get this treatment would be the "vault", as DarthCoin explains in this article.
This would be bitcoin you don't want to touch, except maybe to deposit to. It wouldn't be where you'd make payments from.
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I respect DarthCoin, but reject dabbling in Shamir Secrets, using substitution cyphers, custom derivation paths, multisig, etc. You become your own worst enemy instead of a potential attacker.
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dabbling in Shamir Secrets
For those curious about the details of why you shouldn't dabble with Shamir Secret Sharing: https://en.bitcoin.it/wiki/Shamir_Secret_Snakeoil
Choice quote from that page:
...many attempts at SSS [Shamir Secret Sharing] have been so weak a child's speak-n-spell could crack them. Like the one-time-pad and most other cryptosystems, the security of SSS is fairly brittle.
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