Replying to Avatar mike

Multisig is NOT fault tolerant:

In a 2 of 3 multisig wallet (for example), to sign a transaction, you need 2 of the 3 private keys, but ALL 3 PUBLIC KEYS.

If you loose one of the 3 seed phrases and haven’t backed up the XPUB’s, you won't be able to reconstruct your wallet if you need to.

You will therefore loose access to your funds.
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PlebShred 9mo ago

If you stored your xpubs with each seed and you lost 1, couldn’t you just configure a new Multisig and with the 2 private keys, send btc to your newly configured wallet? It’s rather annoying, but no loss of funds.

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mike 9mo ago

The multisig address is a hash of all 3 extended public keys.

If you don’t have these, you can’t recreate the wallet.

If you lost one seed phrase, but had all 3 XPUBs you would be able to recreate the wallet.

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PlebShred 9mo ago

I follow you there. At that point you still have access to your funds. Maybe I’m misunderstanding, but you configure an entirely new multi sig Wallet with 3 new xpubs, yeah? I see your point, you no longer can recover your wallet which is annoying for several reasons. However, no loss of funds from losing any of the 3 xpubs is my understanding. I certainly could be wrong or misunderstanding the situation.