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338 sats \ 3 replies \ @kr 1 Dec 2022 \ on: Hello Stackers! Bold is a credit card backed by your bitcoin stack. AMA! bitcoin
cool idea. can you elaborate on how your collaborative custody multi-sig system works?
Sure. You are depositing your bitcoin with us as collateral, held in a multi-sig wallet. You keep one key, Bold has one and so does our key agent.
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I'll sign up for the waitlist later tonight.
I have some questions, mostly just to understand, not really deal killers.
Who is the "key agent"? Who pays them or how do they make money? Are they neutral, or are they just going to automate signing whatever you sign?
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Thank Jeff, the key agent is a neutral business whose sole purpose is the safe custody of keys . Very similar to other businesses like Unchained. Hope that helps.
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