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Bertha331d ago
Current thought: I imagine a lot of people run 2/3 or 3/5. Now we have miniscript so we can do degrading multisigs. But both require safe harbor for a descriptor or unique wallet software. In the worst case scenarios, regulatory attack, or duress perhaps funds can still be lost. Can predated presigned transactions be useful here, if the multisig is accidentally or intentionally destroyed? Laser engrave 10 presigned transactions with different fee rates set to an nlock time (?) N halfings in the future. Receive address is a standard single sig (memorized). I am almost certain this could be a #footgun so other thought…. Dream episode of @0371db7f…34fc0d08 where plebs get to submit their unique ideas to prevent coin loss and @e88a691e…27850411 @f728d9e6…c8a38106 @d987084c…eb222a25 rip them apart - “footgun review”.
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Replies (3)

❒ PictureRoom331d ago
Seems the multisig can be mishandled or even encounter more issues than just a regular single signer.
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Bertha331d ago
There are definitely benefits of multisig - but recovery and ease of use is definitely in the single sigs corner!
0000 sats
❒ PictureRoom331d ago
💯
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