I appreciate the thoughtful response!
The pros of a self made 2/3 multivendor multisig (not using a 3rd party custodian) that matter, imo, are:
1) One malicious firmware update can't rug you
2) Bad entropy for seed generation
3) Supply chain attack for the HWW you use in singlesig
4) Some geographical distribution that could thwart/delay a $5 wrench attack
Now that of course comes with tradeoffs of complexity, possible footguns, higher transaction costs, etc...
While I love the idea of keeping it as simple as possible, the thought that some rogue employee could have manipulated one coldcard before it shipped and that could drain one's life savings with absolutely no recourse is quite a scary thought.
The addition of passphrase to singlesig does mitigate some of these problems, but only if you are verifying that the device is indeed 'using' the passphrase.
still bullish on it at this entry point?
Question for you. Hypothetically, would you feel completely safe storing 20 bitcoin on a Coldcard Q singlesig with passphrase?
Or do you think for that type of money, a multisig setup would be best? If not for 20 bitcoin, is there some threshold at which one should 'graduate' to multisig?
Nice, I haven't looked into nunchuk as I think they're a relatively newer player onto the scene. I take it you think they're trustworthy enough to hold long term cold cold storage?
Thank you sir! I haven't looked into the assisted multisig too much, but from what I understand casa doesn't make you kyc but unchained does. Do you have any recommendations on that front?
Huge fan of your work! Can you tell me if you prefer a 2/3 multivendor multisig or a singlesig + passphrase (coldcard)?
I'm debating between setups for my deep cold storage and see a lot of pros/cons to both and could use some guidance!
Gold vs Bitcoin market cap over the years really tells a story
While bitcoin's price movement has been impressive over the years (in % movement terms), we shouldn't ignore gold's moves. In market cap terms, bitcoin is still a blip on the chart, it is no wonder sovereign nations are still largely looking to gold when they want to diversify away from a very volatile US regime.
nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h nostr:nprofile1qyt8wue69uhh2mtzwfjkctnvda3kzmp6xsurgwqpp3mhxue69uhkyunz9e5k7qpqd3f4m9dgvkdjxn26pqzsxn6lpfn78sxwllxyt8mp76q0a9zyyjlsu8qztu nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcp2amhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wv6hjufkwaskgamj0pjx2drvdpn8xdfkvahrvdrgwaa826rwvesnvu3ed44rgdekwg6hxdrgdd6ku7n80fchyuekwymh5qpqs5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqjx5gu2 nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3kamnwvaz7tmjv4kxz7fwvf5hgcm0d9h8qctjdvhxxmmdqqs879mhq6kkuzh2wk57xdzanl76uem8d7hlyjd7v4a4jcm4u88d8ygjaraye
coming to america soon. except it will be if you say anything critical of israel.
top floor or bust. i can't live with ppl walking around above me anymore and i'm willing to sacrifice some sats for the top floor
I like Darius. Although he recommends 0% allocation to bitcoin right now in his KISS portfolio
say more words about this please :)
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Hopefully this week on RHR we can hear about how trump is a masterful genius negotiator and didn't get bitch slapped by world leaders and the bond market into caving like a little bitch
marty, weren't the tariffs supposed to collect trillions in revenue, or wait was it supposed to bring back millions of manufacturing jobs?? how is that going to happen when he backed off when the market told him to stfu and sit down?
Nasdaq up 2.7%, bitcoin up 1.9%
is this the decoupling we were talking about?
Many people ask why.
The short answer is because nothing stops this train.
The longer answer is that 1) the rest of the world isn’t buying as many Treasuries anymore, 2) investors prefer cash to Treasuries, and 3) there are now balance of payments issues and so the United Stated has EM-like characteristics where stocks and bonds can struggle together due to capital outflows.
nostr:nevent1qqsyalrlpf2zggf7dqm3x42w9zw7u5nhv6jgxfyuclcr4mt3en0275qurnxr0
Do you think its possible China started dumping treasuries? That seems like their 'trump' card to tell trump to stfu and heel
Perhaps they want to show how easily they can control our rates by selling off a little bit of their stack
"Folks, just got my electricity bill, and it's a complete and total catastrophe! We're sending them all this money, and they're sending us... lights? Who needs lights when we can have a deal? This is a rigged system. We need to start selling them some of our great, beautiful sunlight. They're loving it, believe me. They're using it to make solar power, and we're getting nothing in return. It's a disgrace. Sad! We need to make electricity great again!"
orange man is a fucking retard who doesn't put much effort into anything. he has surrounded himself with equally retarded retards this time who just say yes sir. thats how you end up with that retarded unsorted excel file of tariffs with tariffs on the retarded penguins.
what a retarded world we live in.
https://x.com/charise_lee/status/1909065198633394535/video/1
#meme #memestr #nostrmeme