Hey everyone! Long time lurker, finally got the courage to create an account and post.
I’m the “Uncle Jim” for friends and family. I’ve setup several cold cards (with Sparrow), bitcoin nodes, and just recently paid my barber over lightning for the first time. (She wants to continue!)
My question is, I’m in the process of setting up older family members over the next few weeks who aren’t tech savvy and might have a difficult time figuring out how to store a single sig wallet and keeping track of their seed phrase. (They’re in a different state otherwise I would have set them up myself.)
I’ve been debating whether to just help them get setup with something like Unchained and I’ve even considered Bitkey, but every time I start debating with myself, I always come back to Cold Card, Sparrow and being connected to your own node.
Obviously there’s tradeoffs for every avenue, and I’m thinking about their attack vectors, which I believe for them are losing and / or misplacing their seed phrase and with something like Unchained, privacy. I feel like I’m starting to answer my own question as I write this too! The older folks I’m going to setup will be saving a significant amount so I just want to make sure once they’re setup, they can just not worry about it anymore and continue to stay humble and stack sats.
Where do you sit on setting up your family and friends on Single Sig vs Multi Sig?