what are the risks for using unchained multisig service, besides KYC?
Discussion
I dont understand the question. Just self custody with your own hardware
so the scenario where i singlsig self custody, if i lose my keys and device access, then bye bye bitcoin.
2-3 multisig if i lose one key, and i have access to the other 2, then i’m good. obviously more of a safety net, but also more to manage (3 devices + 3 seeds vs 1 device + 1 seed)
so i’m asking the nostr to share some (perceived) risks for using a self custody multisig vault service with Unchained where i control 2 keys and they control 1.
nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 has a video explaining how to set up a multi sig using unchained.
Maybe watching the setup & some of his other tutorials might help you find the answer
#asknostr
#bitcoin
#multisig
Multisig mainnet many
LN-BTC very few