Forgot a few questions I was going to ask. Mainly just wanted a basic run down of how it all works and what makes sure the sats are safe and secure before I bring it up to friends.
Discussion
Each bitpac address is a multisig where you have one key and your friends have the others. The money is safe if your friends are trustworthy. If they aren't, they can vote to steal all the money in the multisig and you won't be able to stop them (unless you give yourself multiple keys and thus make your vote count more than theirs)
That's basically it