Quote from: o_e_l_e_o on Today at 07:35:37 AM

Sorry, I seem to have missed this reply.

No worries.

Quote from: o_e_l_e_o on Today at 07:35:37 AM

I do agree. There is no doubt that setting up and using a multi-sig wallet is harder than setting up a standard wallet, with or without an additional passphrase.

I like passphrases. I think more people should use them. They provide additional security should your seed phrase back up be discovered, and they also provide plausible deniability in the event of a $5 wrench attack. However, in most cases, people will still use them on a hot wallet. At some point you need to progress to a safer set up. This could take three basic forms - multi-sig, airgapped, or hardware. Even better if you use some combination of the three, and still use passphrases on top of that too.

So yes, multi-sigs are more complicated to set up and use, but at some point it becomes worth it to just sit down and learn how to use something more complicated than a standard hot wallet for your own safety.

I suppose you are right.

In April I have managed to convince 3 of my friends to get their money off of exchanges into self custody hot wallets. That's a small, yet undeniable, win. Step-by-step I will eventually teach them what passphrases do and I will ask them to create a new wallet. Then I will help them go to cold storage. Then to airgapped devices. Them multisig.

What I have realised is that all 3 of them need assistance and time. So as I said, step-by-step...