Most of which can be mitigated with multisig. Why people refuse to upgrade to multisig is beyond me.
Discussion
Collaborative multisig with inheritance planning is such a good product. With some you can even manage your wallet with Sparrow if you wanted to. Can’t ask for much more
Multisig is a pain. More to manage. Can’t be the answer.
Have you ever used a multisig?
Yes, and it’s stressful to have multiple signatures/devices to worry about, keep track of, along with the increased complexity of making a simple transaction. This is not a solution for the masses.
Something like the bitkey is a good multisig solution for the masses. There’s more of a trust trade off there. But I view it as a good onboarding tool.
True, there is trust and possibly some custodial risk. I can't wrap my head around thier security model, like how can I conform on the device the transaction is what I want to do.
Making changes to an existing setup is scary, and isn't without risk. But better to set multisig up, play around with it for a few months, and then move your funds to multisig cold storage.
Takes time and effort!
Yeah i think changes to custody set ups should be slow and orderly
💯. We’re working to change that. Slowly but surely.
My thoughts exactly. I always worry about the long term viability of hardware wallets. Multisig with passphrase combination seems like a good middle ground imo.
Sparrow wallet checksum UI very helpful in this regard.