282 sats \ 3 replies \ @BitcoinIsTheFuture OP 19 Oct \ parent \ on: Unchained Capital - The free ride stops now bitcoin_beginners
Thanks I heard on Coin Stories some cool stuff Casa is doing with keys on phones to help with inheritance and colab custody. May have to look at the fees. @siggy47 brings up a great point that fees can continue to go up for these services and likely will, which makes inheritance tricky.
Yeah we are pretty thoroughly captured when using these services. Fortunately, that makes running one of these businesses desirable which means many companies/products will offer the service and prices can't go stratospheric. Still, it's best to expect them to take advantage of the high switching costs.
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While walking the dog I thought of this scenario: You hide your two keys in a separate geographic location. You lose one to a wrench attack. You won't lose your bitcoin, which is good, but now you are trusting Unchained and that crucial second key. In this scenario you're still better off than a single sig, but it's not trustless.
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Ah a walk, proof of work for your health. You can actually replace and get a new key then. Again they can coach you through that process to replace it.
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