btconboard #LNHANCE or #CTV on Nostr: GM! If you use a 2 of 3 collaborative multisig like Unchained someone can just show ...
GM! If you use a 2 of 3 collaborative multisig like Unchained someone can just show up at your house, force you to submit a transaction*, and sit with you for a day until it’s processed and they have all your bitcoins. This setup is not half as robust as people like to think.
*99% of people keep at least one key at home and can ask for the custodian to sign for a second, and if you think video verification will save you then you’re dreaming.
Published at
2024-07-06 15:22:37Event JSON
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"content": "GM! If you use a 2 of 3 collaborative multisig like Unchained someone can just show up at your house, force you to submit a transaction*, and sit with you for a day until it’s processed and they have all your bitcoins. This setup is not half as robust as people like to think. \n*99% of people keep at least one key at home and can ask for the custodian to sign for a second, and if you think video verification will save you then you’re dreaming.",
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