Post
Topic
Board Bitcoin Discussion
Re: Storing cyrpto for clients
by
NeuroticFish
on 23/02/2019, 11:49:36 UTC
Why 2 of 3 multi-sig?  What benefit does that have over 2 of 2 multisig?  That's just adding an extra layer of effort and complications.  Who would be the 3rd co-sign?  Its just adding more potential cost and complication.

The benefit of the 3rd signature would be that it can stay sealed somewhere for emergencies (your death).
Again, it's 2 of 3. So you can use the 2 signatures in the way you use now and the 3rd is for the case one of the usual signatures gets out of reach.