I want to set up a shared Bitcoin wallet where everyone can see the wallet from their individual phones. This will be the only wallet on their phones.
No singular individual should be able to spend funds from that wallet without another individual. Probably something like 2 of 4 multisig.
The problem is it appears that multisig actually works more like a "vault" where the keys from other wallets sign transactions from that wallet, which means each family member would need their "key" wallet and the family wallet if I am not mistaken.
Can someone give me some guidance? I was also thinking about using Blue wallet because it is very simple for setting up multisig and is cross platform for Android and IOS which is a must have.
I am looking for not exactly a cold "vault" storage, but more like a luke warm family fund that everyone can collective contribute to and manage in a democratic fashion for all the unexpected things life throws our way. Once I figure this out, I will then begin to slowly peel off my accumulated Bitcoin by contributing a monthly amount to the family funds.