On a recent pod nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs and nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx were discussing the bitkey and debating how much you would store on it. After getting one and playing around with it, I am struggling for reasons why you wouldn’t put your entire stack on it. It’s multisig, can be geographically dispersed, inheritance is rolling out this month, not sure if that will require kyc or not but most collaborative custody does, it allows utxo management, and you can set send limits that do not require the bitkey. What are the drawbacks? nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
Discussion
I don’t know much about them, how do they work? Are the air gapped, Bluetooth, USB, etc.?
Not air gapped. They use NFC for one of the keys, the other one is either on the phone or if you lose one, encrypted in the cloud and accessible through the vendor. That is my current understanding. It is 2 of 3 collaborative multisig as far as I can tell.