Replying to Avatar MAHDOOD

Signatures? You only need 2 of 3 keys to access your money. So if you lost one in a fire or if a looter steals it, you can still get your bitcoin with the other two keys.
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modulo 1y ago

Agreed—I am thinking of single sig with backups. A multi-signature setup with geographical distribution is an extra layer of security, as would be single signature with geographical distribution and a pass phrase.

There are many ways to skin the #cat

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MAHDOOD 1y ago

Yeah the passphrase can work but then you need additional backups for the passphrase lol it can get complex

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modulo 1y ago

This whole fire in LA has made me think a lot about backups, passphrases, and bit-switching wrt the physical key. Looters and thieves have to be considered within the landscape.

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MAHDOOD 1y ago

It’s especially dangerous if you bought KYC or if people know you have Bitcoin.