Replying to Avatar Pleb⚡

Just thought of something interesting.

Probably other Bitcoiners have thought of this too

So Coldcard have BIP85 Feature implemented.

So say I have 3 coldcard. and with BIP85 essentially I can have 30,000 different address stored @10000 on each coldcard

so I can have 10,000 different 2/3 multi-sig wallet by using just 3 coldcard

and the beauty in my opinion is that even if someone gained access to 3 of my main coldcard seedphrases. If they don't know the combination of the multi sig addess it won't do them well, so in a way, the main seedphrase and wallet actually become my duress wallet

e.g

coldcard 1 - Using BIP85 - Index 21

coldcard 2 - using BIP85 - Index 69

coldcard 3 - using BIP85 - Index 420

these 3 index create 1 multi sig wallet.

and I can now in a way store all my seedphrases for my coldcard in a less secure way but still have secure multi sig wallet, since the potential thief won't know what are my index combination from all the coldcard, they won't even know that I use BIP 85.

I just need to remember 3 number combination on my head.

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2bc 2y ago

You just made me feel really stupid for how I store sats. I see what you did there with the wallet numbers though #chefskiss

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Pleb⚡ 2y ago

We all learn everyday from each other 🫂

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