Post
Topic
Board Service Discussion
Re: casa.io - Do you use it? Let's talk about it.
by
drwhobox
on 03/04/2025, 15:41:47 UTC

No but this shouldn’t be their fault. In general the way Bitcoin works is that it requires an unlocking script to be constructed to unlock the coins from an address. In order for this to happen, you need a specific amount of private keys in order to generate the necessary signatures to unlock the coins.

So, if you lose more keys than the minimum required to unlock the coins, then the coins are definitely lost. On the opposite hand, if Casa could help with that, it would mean that they would be able to generate the necessary signatures on their own. This means they could just steal your coins.

So the fact that they can’t help if you lose more coins than the ones you are allowed to lose is actually good for them. Not bad.
I know how wallet and things work. My point is casa is giving a fake sense of security. If I can keep 2 keys safe of a 2 of 3 wallet or 3 keys of a 3 of 5 key wallet then why can't I keep all the keys safe?  I can.