0 sats \ 4 replies \ @BlokchainB 25 Apr \ on: Nunchuk releases Finney, a bitcoin wallet for families bitcoin
Cost $250 per year PER WALLET. Worth the cost ?
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What would be a reasonable price to secure generational wealth for you?
For context, in the Western world and increasingly in developing countries as well, a lot of people spend more per year on entertainment (coffees, movies, etc.) than $250 (which is about ~ $20/month). I personally think it's reasonable, considering that securing your long term savings should be more important than those things?
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$250 isn’t much at all but it’s just how to set it up for one family. And if you fail to pay then what happens you get screwed?
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If you fail to pay, the wallet'd simply downgrade to a free one, with all keys and signing abilities intact. There's just no advanced collaboration features enabled. You'll still be able to sign, export PSBTs, send them to other co-signers to collect signatures (using out-of-band channels such as Signal), broadcast transactions, etc.
And in the absolute worst case where Nunchuk completely disappears for some reason, you can always recover the wallet elsewhere, such as Sparrow: https://nunchuk.io/blog/wallet-recovery-sparrow
The whole thing was designed to never have any single points of failure.
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