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0 sats \ 2 replies \ @TSW 22 Nov 2023 \ parent \ on: Looking for a post discussing 2:2 vs 2:3 multisig cold storage bitcoin
Why would you complicate your lift with singlesig? Are you an individual that doesn't want:
  • Protection against a 'single point of failure.'
  • Protection against loss/theft of private keys.
  • Protection against 'evil maid' attacks.
  • Protection against physical attacks.
  • Protection against phishing.
  • Protection against malware.
  • Protection against supply chain attakcs
  • Protection against non-standardized passphrases
  • Inheritance planning
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10 sats \ 1 reply \ @DarthCoin 22 Nov 2023 freebie
I am a simple man, using simple solutions, that I know how to manage them. Access to my stash will be only one person and that is me. I am not afraid of any of those you mentioned because I know how to avoid those situations.
Yes, not every other user could do that. But complicating things more than is necessary is not the best way.
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0 sats \ 0 replies \ @TSW 22 Nov 2023
100% agree. But people should know their own limitations, and that is definitely not the case in the bitcoin space, unfortunately. You might be an expert, but ~80% of people are not and might make a critical mistake sooner or later.
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