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Replying to Avatar Tom Lee

I’ve been thinking about Bitcoin security, particularly single sig vs multi sig. I personally have a single sig set up. I was thinking about dividing my 24 word seed phrase and giving each of my 4 trusted family members 6 of the words for safe keeping. That way I don’t have the technical obstacle of educating them about multi sig, which is much more involved than single sig. If someone discovers the hiding place of my seed phrase, they will only have a quarter of it and therefore won’t be able to gain access to my funds. Thoughts?

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deeznuts 1y ago

Better to use a well architected multisig system, well tested, etc

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Tom Lee 1y ago

Great, thanks for your thoughts. Would you use 2 of 3 and set up with Sparrow? Or do you have any other recommendations?

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deeznuts 1y ago

I do like my BitKey. Multisig made easy

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