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Replying to Avatar jimbocoin 🃏

1. Keep an encrypted copy of the metadata with each signer.

2. This problem is not unique to multisig. Mitigate by encrypting the metadata copies.

3. When upgrading firmware, upgrade a fresh signing device, then “restore” seed and metadata. Confirm ability to sign. Wipe old device, then upgrade it too. (Two same-vendor signing devices per seed).

4. Use standard multisig wallet setup. Confirm same sequence of addresses on separate hardware. For example, use metadata to setup a Sparrow wallet, confirm that ColdCard produces same sequence of addresses from same metadata.

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Laser 2y ago

Now you have an additional factor, the password to decrypt the metadata, to secure.

This is added complexity and illustrates my point. Lose that password, lose your funds.

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