Replying to nobody

1 out of 2 Signatures

Or

2 out of 2 Signatures?

Writing a thesis paper and honestly would love some opinions
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( -_-) 2y ago

What is the point of 1of2?

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Discussion

43
nobody 2y ago

Well I’m trying to figure that, but SOME FIGURE

1 out of 2 is safe especially if you have a Paraphrase Password *

But for me wouldn’t that defeat the purpose ?

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( -_-) 2y ago

There is no purpose as far as I know. Just use 1of1 and make more backups.

43
nobody 2y ago

What about if some one gets your seed phrase? Hack ?

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( -_-) 2y ago

Oh, potentially if you wanted to give the 2nd key to someone for safekeeping, they couldn't do anything with it because they wouldn't be able to generate the wallet. But as you say, passphrase achieves this also

43
nobody 2y ago

You are totally correct; but

Think of this way, you can lose your Seed Phrase & some one with knowledge can potentially sign in especially if bip39 if I’m correct. With a hardware/software as a second signature you save your from a bad situation. Sorry I make sense, I am driving in between lights so I’m trying to write fast lll