1406 sats \ 1 reply \ @benthecarman 10 Jan 2023 \ parent \ on: [bitcoin-dev] OP_VAULT: a new vault proposal bitcoin
I think the interest comes because multisig is hard. This basically allows you to have 2 single sig wallets and a safe bridge between them. This way you can spend when you need to but if they get comprised you can go dig out your keys from your backyard and actually use your worst-case scenario wallet.
This does use spks, not keys, so it is completely composable with multisig
Vaults are hard too. And the operational requirements to actually use them effectively are much more onerous: if you're not monitoring your vault periodically, what's the point? Multisig meanwhile is fine with true cold storage.
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