Damus
thepurpose profile picture
thepurpose
@thepurpose
🚨 Observing a lot of oversimplification around multisig lately. 🚨

People confidently explaining setups they've clearly never actually configured _or_ recovered from.

If you've never done a dry-run recovery of your multisig, you haven't tested your backup. Seeds, xpubs, descriptor, derivation paths, key ordering. Add all that to your backup _and test it_ or stay single-sig.

So that's it: multisig isn't hard to understand, it's hard to execute. More moving parts mean more ways your backup fails when you need it.
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thepurpose · 1d
h/t nostr:nprofile1qqspdudqzqx5ellme3prp68qus5se3vynsddcexkv5la5p7qxxcswjcprdmhxue69uhhw6r9v96zu6rpwpc8jarpwejhym3wvdhj7qgnwaehxw309ahkvenrdpskjm3wwp6kytcpzemhxue69uhhyetvv9ujuerfw36x7tnsw43z7uxkp2h & PV πŸ«‚
thepurpose · 1d
nostr:nevent1qqsfq2pa5nsswpk4nwrqy0c2l52rzjcz3gvp8c2y3ut7wp367tk7jsgpzamhxue69uhhyetvv9ujuvrcvd5xzapwvdhk6tczyqt0rgqsp4x0l77vggcw3c8y9yxvtpyurtwxf4n98ldq0sp3kyr5kqcyqqqqqqga762wm
Richardson_smart · 1d
Turning my $18,000 investment into $64,000 felt incredible. Mr. Craig's guidance helped me stay focused and make better decisions throughout the process. His knowledge and teaching style are truly impressive. I highly recommend learning from him if you want to grow as a trader... All thanks to nos...
CitizenPleb · 6h
Some of the same inflooencers telling plebs to trust coldcard are now recommending multisig.
armstrys · 5h
I know some people don’t like the idea of assisted multisig but this is exactly why I would push people in that direction first. Yes, it costs money, but think of it as training if you ever want to go full self-custody multisig. About the only real negative trade-off is privacy. Some folks may gr...