Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

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.

Oh thanks for highlighting that.. because some times some of us are getting into complications that we do not sufficiently understand the trade-offs, and it took me a bit of time to even start to use the passphrase, but it seems really to be a great feature and not very difficult to use.. but at the same time.. each of us should be attempting to at least have increasing levels of security if the size of our stash is going up, but we have to be careful about not rushing into things that we don't sufficiently understand, which is part of what Antonopolis had been seeming to want to point out in that first video that you linked.