Oddbean new post about login | logout People really don't remember how bad things were before hardware wallets. Lots of hypothetical attacks that require access to hardware, but it's still MUCH better than how things were. We should keep improving, of course.
Most of which can be mitigated with multisig. Why people refuse to upgrade to multisig is beyond me.
Multisig is a pain. More to manage. Can’t be the answer.
Have you ever used a multisig?
Yes, and it’s stressful to have multiple signatures/devices to worry about, keep track of, along with the increased complexity of making a simple transaction. This is not a solution for the masses.
Something like the bitkey is a good multisig solution for the masses. There’s more of a trust trade off there. But I view it as a good onboarding tool.
True, there is trust and possibly some custodial risk. I can't wrap my head around thier security model, like how can I conform on the device the transaction is what I want to do.
Making changes to an existing setup is scary, and isn't without risk. But better to set multisig up, play around with it for a few months, and then move your funds to multisig cold storage. Takes time and effort!
💯. We’re working to change that. Slowly but surely.
You guys are great. I use you as my mobile with a tap signer
Well, I am a little afraid I loose control with multi sig 🥺
that's with 5/3 3 possible defaults 🫢😱
I know, this is nonsense. still I have to have 3 out of five working ... ahmmm... how I delete my nonsense here? 🫣
You don't if you use several hardware wallets you own.
My thoughts exactly. I always worry about the long term viability of hardware wallets. Multisig with passphrase combination seems like a good middle ground imo. Sparrow wallet checksum UI very helpful in this regard.
Thanks to you lot, people that are just beginning their journey like myself go directly to multisig. It is not even difficult anymore. My 300 euros are protected by 600 euros worth of HW wallets.