Curious on people's thoughts on this.

I was thinking about multisig vs single sig and I think I came to the conclusion that multisig protects best against THEFT and not necessarily LOSS.

Let me explain.

If you are considering single sig vs multi sig, consider if you think you are more prone to losing things or if you are more likely to be robbed or targeted.

If you are more prone to losing things, then you are probably also more likely to lose 2 things before you realise you lost anything.

You also burden yourself with finding multiple safe spaces, ideally geographically disperse. Either you don't disperse them well enough and a house fire destroys 2 of 3 keys, or you do, but it is difficult to monitor them and they are MORE prone to losses without your knowledge.

This has always bugged me about multisig, this idea that we just turn one problem into three (or two in case of collaborative custody)

If you are worried more about theft or being targeted, then multisig has a meaningful benefit.

Why might theft be an issue?

- Maybe you insist on a digital key (hot)

- Maybe you are a public figure

- Maybe you live in a bad neighborhood

This doesn't guarantee protection against a $5 wrench attack, but if you have to travel across town with a gun to your back to spend the funds, maybe they'll move on considering it a waste of their time and maybe that leads to more deadly outcomes, but we'll ignore that.

I'm thinking more along the lines of a digital data leak or a home invasion while you are away.

In this case, if you used a single key, your funds are gone. At best you and the attacker are racing or raising fees, just to prevent the other from getting the money.

In a multi sig setup, assuming you are not loss prone and are likely to learn of a copied or stolen key in a reasonable time, you know how to get to 2 keys to recover the funds quickly while the attacker is still looking for another valid key.

If you use collaborative custody, chances are that there are identity checks or time constraints for the attacker and you still have 2 keys to immediately recover.

At the very worst, a sophisticated attacker might steal one key to trigger you to start recovery and then follow you and $5 wrench attack you once they have all the pieces. But this starts to reach into the what if category. Well, you basically have to be a VIP public figure or a dick who boasts about their wealth most likely and also not have hired security.

I'm curious if I hit the nail on the head here or if you have a different opinion. Let me know.

#asknostr

Yes.

Definitely. I think onboarding and content discovery still needs a lot of work. But it's absolutely doable. User retention is our largest hurdle.

Is this the real Robert Reich?

Because regardless of whether one agrees or disagrees with his politics, he is rather different than the typical Nostr demographic and that's quite bullish for Nostr.

nostr:note1twye490je4s3dnexqagjmv5pz72enestlzu6kn2fvnee8r8r9ugq73auf2

You should use venice.ai - it's been getting really good. They have uncensored models, and your activity remains private.

Whelp.

I guess that means chem trails are real.

My Dad's ex-business partner wrote a book about them and I'm trying to find it.

Never forget this: The forces rigging our economy, undermining our democracy, polluting our planet, and stoking hatred are counting on you to give up. Cynicism is how they win. Stay clear-eyed and ready for the fight ahead.

#meme #nostrmeme #memes

#zap it, Feels good man.

🌑🌒🌓🌔🌕🌖🌗🌘🌚 🤦🙋‍♂️

#fun #facts

Welcome

What's the best place to find new people to follow on Nostr. I use primal feeds.

No problem. Yea the apple tax. The Primal app let's you zap posts on iOS but they have a built in wallet and let you buy bitcoin with....... the apple tax of course 😂. Got to give apple their cut from somewhere and then they will allow zaps. Its early days on here so engagement and stuff for new users is not the greatest. We have come a long way though from where Nostr was a year ago. Replies are the way. Interact with people like this. Most people on here are great and helpful. Glad you made your way here.

On iOS Damus had to remove zaps on posts because Apple. You can only Zap going to someone's profile and zapping that way. Someone created a work around but I am on Android and never played around with that. Welcome to Nostr

YES

Sentience society too much already?

If Trump is truly America’s first “Bitcoin President,” then he should make #bitcoin legal tender and remove capital gains tax on it like Bukele did in El Salvador.

A bloodbath of rent seekers is coming.