What prevents Bukele from making off with the private keys? Who holds that burden?
nostr:note1474pp5ac5qw82vz5har9h544macwr9scdrf000p4n603evc75nzs087hld
Discussion
Being the El Presidente is more important than money to him
Don't Trust
It appears as though. Anyone with the stones to make that commitment is not likely to bail in the night with the country’s coin.
nostr:npub1t0nyg64g5vwprva52wlcmt7fkdr07v5dr7s35raq9g0xgc0k4xcsedjgqv had found an excellent write up on 🇸🇻 and El Presidente - recommend the read if you are interested in what’s going on there
Same question. #AskNostr
And go where? He doesn't want the Momar Gaddafi outcome.
I'm all seriousness, nothing. Just the consequences of screwing over his country. Multi-sig would be a better strategy.
It would be interesting to know their threat model but also it would be highly ill advised for them to share that information. No one should ever divulge information about their key setup, It would be terrible opsec. I can only assume that a nation state would have an extensive multisig such as a 5 of 10 or something to that effect?
Now i'm curious. Is it possible with multisig to program one or two keys to be "essential" so for example, you might need 5 keys total to access the funds, but at least one of those has to be an "essential key" held by either president or vice president for example?
#asknostr #bitcoin #multisig
Taproot should make this possible.
You could specify multiple spending conditions each with some of the required keys.
Or even better, you could say A can only be allowed to spend if B can sign too (multiple keys) or C can always spend (master key) and any other key can spend as long as it gets signatures from 3 other keys for example.
Also much better privacy for the multisig quorom.
Probably something even better could be done with musig 🤔
What could a multsig of the nation state level look like using frost or musig??
#asknostr #musig #taproot #multisig #secp256k1 #frost
Very interesting
