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120 sats \ 1 reply \ @021da48107 18 Aug 2023 \ parent \ on: Difference between 2/2 multi sig, and just splitting a 24 word seed phrase in 2? bitcoin
One downside of the passphrase compared to a 2/3 multisig is you don't have any redundancy. If you loose your passphrase, you loose your Bitcoin. In a 2/3 multisig if you loose a sig you don't loose your Bitcoin.
You did a great job listing the pros of a passphrase, just wanted to throw out the con I thought of.
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10 sats \ 0 replies \ @orthwyrm 18 Aug 2023
100%
Personally I roll with multi-sig these days but it took me a while to upgrade from single-sig + passphrase.
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