Damus
Guy Swann · 84w
Might just be my perspective and familiarity... but I kinda feel like every self custody setup should now be multisig, AND that multisig is how we should think about key recovery (rather than a bunch ...
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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 that grows as your gain conviction.

This isn't to say that I didn't set up a distributed multisig for my early sats, but I think it's a bit to ask of someone who is brand new.

Anyone who holds >5% of their net worth in sats, and has been here for over a year should definitely be exploring multisig though.
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Guy Swann · 84w
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 wh...