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0 sats \ 2 replies \ @TSW 22 Nov 2023 \ parent \ on: Looking for a post discussing 2:2 vs 2:3 multisig cold storage bitcoin
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
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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