14 sats \ 1 reply \ @nerd2ninja OP 20 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
I have to comment on the seemingly strange company shilling in your question, but to answer:
If you have ALL seed phrases, you don't need all xpubs. You can generate the xpubs from the seed phrase and derivation path. However, if you have only 2 of the 3 in a 2 of 3 (say the third one was lost or stolen aka an availability issue) then you need all three xpubs.
xpubs and derivation paths are all about helping you find which utxos belong to you that you can sign. There are other ways you could accomplish that end, but they are more complicated (like storing every Bitcoin address you have ever sent coins to, or storing PSBTs) than just backing up derivation path, script type and xpubs.
Honestly fair, but should have been a stacker news post instead of a Shitcon Magazine article lol. I was expecting this to be David Baily bitching about us calling him out on promoting scams to people lol.
13 sats \ 0 replies \ @nerd2ninja OP 15 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
I see. Sounds like the process could be a little smoother.
13 sats \ 1 reply \ @nerd2ninja OP 15 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
Yes.
The simplest thing is to remember what wallet and version you generated your seed phrase with. The next simplest thing is to write down the derivation path. It's not even that long, only as long as a calendar date really.
13 sats \ 3 replies \ @nerd2ninja OP 14 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
Go download a wallet that wasn't the wallet you created the original wallet from and try to backup with it.
Go try it. Find your wallet in this list: https://walletsrecovery.org/
Then, pick another wallet that doesn't have the same derivation path. I'm not saying do it with your main stack, or even a wallet that has Bitcoin in it. Just try it with a wallet that had Bitcoin in it and you'll find that you can't get your wallet history or even the same Bitcoin addresses to show up.
Not really an argument to be had. Its a technical reality.
13 sats \ 0 replies \ @nerd2ninja OP 14 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
Just always remember, overkill for you may not be overkill for others. I mean multi-sig is overkill for a lot of people, and a must for others (even with low amounts, just depends on your situation)
If you're a revault user for example, this thing is basically a must.
13 sats \ 3 replies \ @nerd2ninja OP 14 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
As someone who's used it, can you talk more about it? Like did you find it user friendly, do you let your family borrow it lol.
34 sats \ 0 replies \ @nerd2ninja OP 14 Jul \ parent \ on: Neat Device for Multisig Steel Backup bitcoin
If all that you're missing is the script type, there's few enough of them to just guess.
If you're missing the derivation path, you can either remember what wallet you generated from or brute force the defaults list: https://walletsrecovery.org/
But multi-sig is where it gets tricky because the xpubs can't spend your funds, but they can dox your stack. So you can make it more available (upload it to a cloud storage provider) with the risk being that the company you upload it to, or a hacker who may or may not leak the info, will dox all your Bitcoin in all your addresses (knowledge that the addresses all belong to one person), but they still can't spend from it.
You can trade off an xpub's confidentiality for more availability (the security triad)
![](https://imgprxy.stacker.news/oLJabfAIPZPuV7rkezQ7aYoG16vyIM6lRWyfk0H37gs/rs:fit:2560:1440/aHR0cHM6Ly9tLnN0YWNrZXIubmV3cy8zOTcwOQ)
Its just neat to be able to have it all stamped into a plate. Then, even if you didn't know you needed all that other stuff, you still have it.
This is cool because, if you don't know, a seed phrase actually isn't enough to recover your Bitcoin.
Seriously. Go download a wallet that wasn't the wallet you created the original wallet from and try to backup with it.
See, there's a lot of missing information in a seed phrase. The script type and the derivation path are your main concerns for a single sig.
For a multi-sig, you also have to have ALL xpubs for ALL seeds in the multi-sig.
This device punches all of that information into steel for you. That's why its cool.
And if you're ignoring this and rocking single sig, go you. Just remember what wallet and version you generated your seed with.
I'm not thinking too much about the core repo tbh. I'm thinking about my fellow node runners. He mentioned Greg Maxwell saying that CTV is more likely to get activated if Rubin weren't its maintainer. (That's from memory not a direct quote) and he pointed out that was not a technical argument, but a political one (not a meritocracy behavior)
Greg Maxwell aside, I think my fellow node runners think the same way. I've even pointed out how it's difficult to promote CTV, when it carries Rubins baggage (his stunt of trying to pull BIP 119 from the core repo for example).
It seems all the commenters have focused on just one aspect of the video and none of them are what I was thinking about (a self awareness). I should have seen that one coming. Maybe made this a discussion instead of a link and just talk about what I was thinking.
However, this is a great example of how Bitcoin is technology second and a social construct first. (Now that's an old tune you've seen me singing for a while lol).
He also mentioned how getting an op_code merged is a prestige thing that can compromise integrity. So I'm just sort of thinking about what those kinds of things mean socially. I know node runners ought to have way more awareness about the code that they run, but I'm not sure how that would be accomplished.
Start with myself right? It's all we can control.
I don't think there's reason to believe politics and bias are overshadowing merit and destroying bitcoin core
What would it look like if it were?
That's not true. Export controls mean the nation is funding the innovation with defense spending budgets. Its strange that I'm the first comment here to point this out.