Damus
pup · 91w
The only reason I don't agree, is because I think a distributed multisig setup is a lot to ask of someone who just bought their first 100k sats. Like anything in Bitcoin, security should be a journey...
Guy Swann profile picture
Holding a smaller amount wouldn’t be about distributed multisig, it would be about service based multisig.

I’m not saying there is one size or one setup, I’m saying that the various levels of security and self custody should be met with different kinds of multisig.

In the case of someone who just bought 100k sats, maybe it’s a 2/3 with their phone, their spouse (or another device), and the wallet provider?

——

I just think the design mentality should be “so what multisig would be best for this user’s situation and skill level?” 🤔
2🦴1
pup · 91w
This is the correct take. Multisig everything, but solve for the difficulty on the design side. As a non-dev, I often overlook the "just make it better" solution. Lol.
High Heel King · 91w
That's why bitkey is great for newbs, especially if they're stacking in size
Judge Hardcase · 91w
I think when someone just bought their first 100k sats is the best time to teach "ultimately, you're responsible for protecting your keys". Conversely, "Don't worry. If you screw up, your spouse might be able to bail you out." seems like the beginning of forming bad habits.