Oddbean new post about login | logout GM Learn about multisig and improve your security set up😉 https://bitcoiner.guide/multisig/intro
GM PV ☀️☕️
Heard about that SeedXOR + pass phrase though?
I’m fine with multisig from different vendors set up
You still have a single point of failure, but but I love this setup.
Elaborate?
If you lose 1 of 48 words or a single letter from your passphrase, you HODL forever.
Seed XOR is an excellent way to make a redundant backup of your seed however. Passphrase risk can be mitigated by using pre-spelled BIP39 words on the ColdCard so I wouldn't panic.
Put copies of two parts in various locations with small bounties but never all the parts
I stop using my coldcard once the mk3 quit getting updates.
At first, I used a 2-of-3 multisig with CoboVault, but the wallet stopped working because of some update. I didn't lose my stack because I had access to the other two keys and I was able to use the CoboVault key with a Seed Signer.
I also had a cobovault. Same situation for me. @SeedSigner is what I recommend now
Morning☕😊
Hello hello 🌞
I like the guide, what alternatives are there to specter?
Sparrow
Sparrow is the best desktop wallet!
Yes
One could say that using a different entity other than yourself is multisig at the human level. Is there not value in that? Afterall, we all make mistakes and multisig is meant to mitigate that risk. Single point of failure. In this case 1 human doing it all
Read the blog
I skimmed but fair. Ill re-read 🫡
The only legit answer in the blog about the human level error is to: check, and double check your work. If you messed up, start over because it’s a fresh multisig setup, but nothing about future mistakes. Additionally the only line for Inheritance is as follows: Inheritance - If you disappear tomorrow, does your spouse know how to co-ordinate a 2-of-3 spend? Thats a one liner for your future generational bitcoin stack. Seems inadequate to me but fair enough that it is our responsibility to show them and educate them.
Your keys should be distributed across the trusted parties. Multisig not designed to store all of the keys in one hands in one place. If you die the other parties will still have an access to your sats