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500 sats \ 1 reply \ @mallardshead 17 Aug 2023 \ parent \ on: Difference between 2/2 multi sig, and just splitting a 24 word seed phrase in 2? bitcoin
I respect DarthCoin, but reject dabbling in Shamir Secrets, using substitution cyphers, custom derivation paths, multisig, etc. You become your own worst enemy instead of a potential attacker.
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450 sats \ 0 replies \ @orthzar 18 Aug 2023
dabbling in Shamir Secrets
For those curious about the details of why you shouldn't dabble with Shamir Secret Sharing: https://en.bitcoin.it/wiki/Shamir_Secret_Snakeoil
Choice quote from that page:
...many attempts at SSS [Shamir Secret Sharing] have been so weak a child's speak-n-spell could crack them. Like the one-time-pad and most other cryptosystems, the security of SSS is fairly brittle.
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