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What about Shamir Secret Sharing? It’s getting some tractions since we don’t expect to see covenants in the near future.
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25 sats \ 0 replies \ @Stadicus 17h
SSS is an interesting approach, and even a weaker redundant seed split (aka "poor man's" SSS) can help secure the backup.
A downside (e.g., compared to multisig) is, that it only secures your backup at rest. You still need to bring the full backup together and input it into the hww, creating a single point of failure. I'm more bullish on a simple multisig implementation, as this allows to sign a PSBT sequentially, geographically distributed, never all less in one place.
Probably more of an apples/oranges comparison, though... : -)
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