21 sats \ 2 replies \ @AllCatsAreEvil 22 Aug 2023 \ on: You are ALWAYS the sole arbiter of your life meta
Why on earth people would recommend against experimenting with multisig is beyond me.
My advice would have been simply;
Mess about with it, test with small amounts until you're comfortable then go for it and good luck 🤞
If I'd practiced the best practices I used to preach I'd have had mine in multisig and not lost it in about fire three years ago.
Sorry for your loss.
Thanks for sharing your story. I guess this is one scenario where multisig setup is better, I'd bet most people's cold storage don't have proper physical backups (metallic fire resistant and/or redundant)
reply
Funny thing is, previously I'd had everything separated out, I was always sensible. Then I brought a boat, planning to go away and I moved everything on board. Then it burned down. Just like in the jokes.
Even funnier thing is I used to make metal wallets (@bitstashers on the dead bird app), and had some in my wallet when I jumped off the boat, but I'd not sent anything to them yet because they were a new batch 😆
Perfect storm.
If I'd had a multisig set up and left keys in a couple of places it wouldn't have mattered one bit.
reply