If you’re using a signing device (hardware wallet) you already have two things: the signing device itself, and some other software wallet. It is not a big lift to upgrade to 2-of-2 multisig where one is the device and the other is your software wallet. But this simple set up protects you from any single vendor bug. #Bitcoin

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Based Truth's avatar
Based Truth 1 week ago
Multisig won't save you from CBDCs and Klaus Schwab's surveillance state.
This is terrible fucking advice. πŸ€¦β€β™‚οΈ One should NEVER introduce a single point of failure; lose one key & they're fucked. 🫠 There should always be at least one contingency key so users don't risk locking themselves out of their own funds. πŸ’β€β™‚οΈ Best multisig practice is: 1. X-of-Y 2. X < Y 3. X & Y are odd 4. X is a majority Examples (and example use cases): 2-of-3 (single user grade; single contingency) 3-of-5 (small-medium business grade; double contingency) 5-of-7 (institutional grade; double contingency) 5-of-9 (institutional board voting; quadruple contingency) 7-of-9 (institutional high security; double contingency) 7-of-11 (institutional high security; quadruple contingency) 9-of-11 (nation-state security; double contingency) All of these introduce increased security without introducing single points of failure that could risk fund lockup from lost keys. πŸ‘€ Be a good sherpa. πŸ€™
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