Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Hueristic
on 09/09/2023, 21:43:49 UTC
⭐ Merited by JayJuanGee (1)
Multisig solves a lot of potential security issues without making things complex (which is a security issue by itself). It really should be the standard in case of managing anything else than pocket change.
https://www.youtube.com/watch?v=sjS5qF65Yos

Shamir Backup seems like the best option to me. for a casual anyway.

Pretty easy and safe and secure.

https://www.youtube.com/watch?v=p7WkAN0Gac4

I am not resting assured from those two videos, so in that regard, I have my doubts that shamir backups are a slam dunk as better than multi-sig.. including that multi-sig allows for not having to bring all the keys together at the same place (even though surely Antonopolis had pointed out one of the dangers to have the  public keys for all three but maybe only needing the private keys for two)

It seems that one of the dangers that bitebits was wanting to lesson is the potential problems of being reliant on one manufacturer, but sure, if you end up overcomplicating your matters, then you become your own danger to yourself.

That response was to his assertion that it should be a default.