Post
Topic
Board Electrum
Is the recovery key one factor access to 2FA or multisig?
by
gotpetum
on 29/01/2016, 20:51:48 UTC
I didn't see it, but if this has already been answered somewhere, I'd be grateful for the link.

I'd like to use electrum 2FA + trustedcoin for a 2-of-3 cool wallet.

The suggestion at http://docs.electrum.org/en/latest/2fa.html says that I can recover my wallet without trustedcoin, all by myself, with just the seed. That doesn't seem like 2FA to me! (The instructions for multisig seem similar.)

I think the way to avoid the my-backup-bypasses-all-my-2fa problem is this:
  • I have one private key. I backup mine.
  • Trusted coin has one private key. They backup theirs.
  • A friend as one private key. She backs up hers.

In other words, I don't want to backup all my keys in one place.

Can I do this with Electrum? Any suggestions?