MultiKey by Multi, wearable security for Bitcoin \ stacker news ~bitcoin

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MultiKey by Multi, wearable security for Bitcoin multi.inc/key/

3730 sats \ 7 comments \ @spencer 5 Sep 2023 bitcoin

1501 sats \ 0 replies \ @TonyGiorgio 5 Sep 2023

I applaud the designs, but this seems a bit outrageous to me. Seems like their target audience is HNWI's that think spending more money == good.

Multisig device that is $1000 with a multisig software solution that costs $200 a month. Targetting the Apple ecosystem solely.

Screenless hardware device so has a lot of the security trade off's that Square's affordable devices have (I think they are targetting $35 or less). I don't even see how you would interact with it. No screen, no battery, NFC, and they say no fear of loss or theft? Seems to be leveraging Apple's multi device ecosystem a lot, which is kind of cool. But then what's the point of the hardware device? Just a $1000 fashion device?

Some interesting ideas here but pointless expensive hardware device and in general this is probably just a marketing page to raise money to build the magic they're selling.

1870 sats \ 0 replies \ @nuII 5 Sep 2023

do they make one with a flared base?

799 sats \ 1 reply \ @03365d6a53 5 Sep 2023

From their privacy policy:

We may disclose your personal information to government or law enforcement officials or private parties

we are based in the United States, and, regardless of where you use our services or otherwise provide information to us, the information may be transferred to and maintained on servers located in the U.S. or other countries

We share your personal information with third parties, as otherwise described in this privacy policy or at the time of collection. These third parties include: Affiliates, including our subsidiaries and corporate affiliates for use consistent with this privacy policy

To be fair, if you're an Apple user (and this opaque, closed source product is Apple only), you probably don't care about Privacy :-)

1 sat \ 0 replies \ @mallardshead 5 Sep 2023

The issue with all the 2/3+ hybrid multisig companies is that they have the xpubs, and have to, otherwise recovery is impossible unless you lost a key but not that key's xpub. This solution is just more bespoke. Admittedly cool. You have to accept the trade-offs. For some people's situation (business, family, living arrangement) it makes quite a bit of sense, just not for mine or DIYers.

43 sats \ 0 replies \ @phygit 5 Sep 2023

Minimalist. Nice. Expensive. Excessive.

6 sats \ 0 replies \ @k00b 5 Sep 2023

Looks easy to smuggle. 🕳️

1 sat \ 0 replies \ @crrdlx 5 Sep 2023

Cool looking and clever, but seems like a giant T-shirt that reads: "I have money, rob me now."