27 sats \ 1 reply \ @orthwyrm 16 Jul 2023 \ parent \ on: Niche situations where multisig is a better option than singlesig custody? bitcoin
And I don’t believe either singlesig or singlesig + passphrase is a good enough substitute for multisig w.r.t. safe custody. Wrote more about it here: https://hugonguyen.medium.com/passphrases-are-not-the-solution-for-bitcoin-custody-4f967a339b1b
This is a few days late, but I just wanted to say that I enjoyed your article. I have been weighing up the pros and cons of single-sig + passphrase vs. multisig for a while now, and your article helped convince me that it's worth upgrading.
Cheers!
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0 sats \ 0 replies \ @hugohanoi 16 Jul 2023
You are very welcome. Cheers!
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