Wow thats surprising considering trezor is willing to offer a product that supports it. Seems like that would be devastating if it didnt work for their reputation. Thanks ill give this a review.
Im thinking it would be easy for the treasurer in a small business to control the wallet, then you split up the pass phrase shares between principled persons or lawyer...so you can collaborate to restore the wallet but dont need to worry about one person or employee stealing the funds.
Shamir is a great tool for securing one seed. For loss prevention.
Or you can have three holders of 2/3 shamir shares. But to sign the transaction you need to collect at least two of them.. And once you have them you can sign whatever you want.. So is it question of trust between of 3 of you? → multisig. Otherwise shamir. But I guess that for will be better to use multisig.
You can still use shamir to secure your seed part of the multisig.You can even use so called super shamir for more complicated structures.
Shamir
is a great tool for securing one seed. For loss prevention. Or you can have three holders of 2/3shamir shares
. But to sign the transaction you need to collect at least two of them.. And once you have them you can sign whatever you want.. So is it question of trust between of 3 of you? → multisig. Otherwise shamir. But I guess that for will be better to usemultisig
.shamir
to secure your seed part of the multisig. You can even use so calledsuper shamir
for more complicated structures.