Replying to Avatar btconboard #LNHANCE or #CTV

GM! If you use a 2 of 3 collaborative multisig like Unchained someone can just show up at your house, force you to submit a transaction*, and sit with you for a day until it’s processed and they have all your bitcoins. This setup is not half as robust as people like to think.

*99% of people keep at least one key at home and can ask for the custodian to sign for a second, and if you think video verification will save you then you’re dreaming.
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The Bird 1y ago

GM hadn't thought about it. recommendations to counter? Not that I have any BTC to take I sold it all when it dipped

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btconboard #LNHANCE or #CTV 1y ago

Non KYC options like Nunchuk or Casa. For more advanced users Liana offers advanced timelock based security.

Unchained is still quite safe overall and presents a strong deterrent. However people treat it like it’s impregnable and that’s just not the case. I don’t want by life savings doxed in database next to my wallet descriptor and home address. That’s just unwise imho.