Setups should be thought as as varying levels of multisig in complexity and sovereignty.
As I mentioned with nostr:npub1vgldyxx7syc30qm9v7padnnfpdfp4zwymsyl9ztzuklaf7j5jfyspk36wu, let’s say you have someone who’s buying their first bitcoin. You just onboarded your friend basically.
Well then maybe the setup should be that you have a key, your friend has a key, and the wallet provider has a key. That way this person can come back to you and still recover funds in case anything goes wrong.
It leverages local trust, instead of some huge, distant corporate (or scam wallet) trust model.
Then this can have all sorts of default variations based on the level of user skill and knowledge. 3/7 for someone who really needs help, but has a ton of funds, and has a spouse/friend they trust with a device also. Use tapsigners for main keys because they are super easy and have no input or UI complexity. They always work and you just keep them in your wallet. Multiple options for recovery, and to them it’ll look like just “tap to sign” because their phones auto sign with a local key too.
This way if they lose their phone, tapsigner, and additional key, it can still be recovered through their group. The UX challenge for something like that is mostly in the setup process.
But then there’s all sorts of options in between. As well as timelocks in the case of too many keys lost, let recovery still be possible on one key, with a 3 month delay, etc.
Just lots to explore and it could be hidden for the user behind, “just have these devices” or “just have this person confirm,” or “just tap this card,” etc.
Got it that all makes sense.
I like the idea of popularizing tapsigners, from a UX perspective it’s the most familiar which is a boon for onboarding.
I think assisted 2/3 multisig would be a good setup for most people, but that would probably require a subscription fee or some other funding mechanism to keep the provider’s lights on. Which may turn some people off of it altogether.
> Multisig is how we should think about key recovery…
Could you expand on this point a bit?
In my experience he’s seen as the source of long term/ big picture direction.
Anyone want to share a Nunchuck referral link so we can get some free sats?
#bitcoin #multisig
So the software I was trying to is my budgeting software Copilot. They support either a single Bitcoin address or xpub. I guess with multisig since it’s a combination of xpubs or a BSMS file I won’t be able to add a multisig wallet there.
My issue isn’t with actually using multisig for transactions, but just being able to monitor the balance in a different software application than the primary wallet software.
Hopefully someone here can help me out with a multisig question. Do multisig wallets have a master xpub (not the xpubs of each signer) I can use to track the balance of the wallet? If so, how can I get this value?
Thanks in advance for any help or resources you can provide!
#bitcoin #multisig
When a kid does something irrationally stupid, usually as an excuse to drive the plot. My wife and I call it “Kid in Move Syndrome”.
#bitcoin fixes this 
I hate election season because the two major parties both have authoritarian impulses, the only daylight between them is which rights they see fit to tell you to give up. And then there’s plenty of common ground for them to stand on in terms of endless war, destructive economic policy, corporate favoritism.
I’m evaluating only Chase and Dr. Stein as viable options, thanks.
#politics
If you live in the United States, listen up. Our congress is openly discussing bringing back the draft. This is insane to me.
Listen to this episode of Congressional Dish to learn more. And if you find the information valuable please share this episode and support the show, you can use #bitcoin to do it!
And call your member of Congress, it takes just a few minutes and it is the only way we can stop this.
https://fountain.fm/episode/wLnu50ftV6gTMzgRvDMr
#politics
All this boondoggling just so Israel can continue to do literally whatever it wants. America has never looked more morally bankrupt and weak on the world’s stage.
#BrokenMoney Chapter 27’s section titled “CBDCs: The Imposition of Negative Interest Rates (pages 433-435) is some of the most deeply disturbing and infuriating text I have ever read. Fantastic work nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a!
#bitcoin #finance
We have a monstera that somehow produced a Siamese leaf. 
How deep do you need to bury the fence to keep rodents out of the garden?
It’s a beautiful morning for some blue smoke! 19 pounds of pulled pork just 8 hours away.
#grownostr #barbecue #coffee 
Does anyone use #fold as a catch-all card in their setup? How do you like it as compared to other 2x/ 2% back cards?
#bitcoin #asknostr
I DCA a small amount of #bitcoin every single morning, it’s my favorite part of my routine other than #coffee. But every now and then I like to treat myself to a bigger purchase, just for fun.
nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4 A good spot in the stall at a bar. Give the people something to read on the throne! 