353 sats \ 2 replies \ @petertodd 10 Jan 2023 \ parent \ on: [bitcoin-dev] OP_VAULT: a new vault proposal bitcoin
I'm not so sure your dad would be comfortable with vaults if you explained how they worked correctly... The name "vault" has nothing to do with how they actually work.
Multisig is much simpler to explain properly. And it has direct real world analogies like multi-signature bank accounts.
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0 sats \ 1 reply \ @k00b OP 10 Jan 2023
I didn't mean the vault analogy is apt (although I have to admit it's good marketing). If-this-then-that UX does seem more straightforward than multi-sig combinatorics even if it's mostly a placebo.
Honestly, this is the first I've heard of multi-sig bank accounts. I need more money.
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353 sats \ 0 replies \ @petertodd 10 Jan 2023
“even if it's mostly a placebo”
We should be creating real solutions. Not placebos.
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