To me, multisig feels vastly superior to seed + passphrase.
A big reason is because I can be a little more relaxed in how I backup my seeds.
If by some insanely bad luck, someone gets one key, no big deal.
If I lose a key, no big deal.
I can give keys out to my trusted family as a backup and an inheritance plan without them being able to steal from me.
Not to mention brute forcing will never be a thing.
In short, please experiment with multisig and see if it's right for you :)
The inheritance thing is my biggest concern right now.
Can you explain the inheritance part. If they can access when you are deceased how can they not access it while you are alive?
When I am deceased my lawyer has my wallet file (no keys, just had the xpubs of my wallet)
Then my family can use their two keys to open this wallet.
Right now they don't know what wallet they have keys to.
Did you set up a redundancy plan with the lawyer in case they should have an event occur be it physical, mortal, legal, etc? I’m always interested to hear how far inheritance plans are scoped out.
Yes.
In my bank deposit boxes, scattered across different banks and cities, there are backups in case my lawyer fails.
“Relaxed how I back up my seeds”
😅 sounds very relaxing 😉
The executor of your will gets one key and you use a trusted third party like unchained for a second key.
I'm excited about an eventual time-decay multisig.
(Over a number of [presumably] years, the number of keys needed gradually decreases.
I know since taproot, folks are playing around with this, but I want it mainstream.
Remember to backup your public keys, folks.
