0 sats \ 7 replies \ @DarthCoin 22 Nov 2023 \ parent \ on: Looking for a post discussing 2:2 vs 2:3 multisig cold storage bitcoin
Why do you want to complicate your life with multisig?
Are you a big fucking company with multiple users that need the access to that wallet?
For a simple individual, is not really necessary man.
Keep it simple, damn it.
I’m in this camp
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Why would you complicate your lift with singlesig?
Are you an individual that doesn't want:
- Protection against a 'single point of failure.'
- Protection against loss/theft of private keys.
- Protection against 'evil maid' attacks.
- Protection against physical attacks.
- Protection against phishing.
- Protection against malware.
- Protection against supply chain attakcs
- Protection against non-standardized passphrases
- Inheritance planning
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I am a simple man, using simple solutions, that I know how to manage them.
Access to my stash will be only one person and that is me.
I am not afraid of any of those you mentioned because I know how to avoid those situations.
Yes, not every other user could do that. But complicating things more than is necessary is not the best way.
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100% agree. But people should know their own limitations, and that is definitely not the case in the bitcoin space, unfortunately. You might be an expert, but ~80% of people are not and might make a critical mistake sooner or later.
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I've avoided it for a long time as seeing it as not worth the complexity...
But it invites disaster to trust any single chip or piece of software with your families future... And it would take a lifetime to audit a whole stack myself.
The check and balance of 2:2 puts the trust back on myself
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Please try hacking this
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non-sequitur
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