Nostr Web Client

Replying to

utxo the webmaster 🧑‍💻

To me, multisig feels vastly superior to seed + passphrase.

A big reason is because I can be a little more relaxed in how I backup my seeds.

If by some insanely bad luck, someone gets one key, no big deal.

If I lose a key, no big deal.

I can give keys out to my trusted family as a backup and an inheritance plan without them being able to steal from me.

Not to mention brute forcing will never be a thing.

In short, please experiment with multisig and see if it's right for you :)

2Pac 2y ago

Can you explain the inheritance part. If they can access when you are deceased how can they not access it while you are alive?

Reply to this note

Please Login to reply.

Discussion

utxo the webmaster 🧑‍💻 2y ago

When I am deceased my lawyer has my wallet file (no keys, just had the xpubs of my wallet)

Then my family can use their two keys to open this wallet.

Right now they don't know what wallet they have keys to.

Ron Stoner 2y ago

Did you set up a redundancy plan with the lawyer in case they should have an event occur be it physical, mortal, legal, etc? I’m always interested to hear how far inheritance plans are scoped out.

utxo the webmaster 🧑‍💻 2y ago

Yes.

In my bank deposit boxes, scattered across different banks and cities, there are backups in case my lawyer fails.

2Pac 2y ago

“Relaxed how I back up my seeds”

😅 sounds very relaxing 😉

utxo the webmaster 🧑‍💻 2y ago

I mean yeah I literally give people my seeds that's pretty chill no?

2Pac 2y ago

I guess so, just sounds complicated. Lawyers, family, banks, multiple cities, redundancies.

It’s a good set up just calling it relaxed is a bit comical, to me.

utxo the webmaster 🧑‍💻 2y ago

Fair enough 😂

Deliverator 2y ago

The executor of your will gets one key and you use a trusted third party like unchained for a second key.