Greeny on nostr

I prefer single sig

That’s all I’ve ever done

That’s all I know

I get so overwhelmed and terrified and confused by multi sig

I just like having my seed phrase

Just one key 🔑

And I know I’m the only person in the world with that key

I have it in steel, on paper, and I memorized it.

But I have heard people say that multisig is even more secure

Somebody wanna try to sell me on multisig???

Like what are the benefits vs just having a simple seed phrase?

#asknostr

BTCrevolutionary · 4w

If someone gets a hold of your single key you are fucked. Multi sig, you’re not. Pretty simple.

StackinBeets · 4w

Multisig IS more secure but I also find it overkill so I'm not here to sell you on it. You could consider a passphrase for a single sig instead if you don't feel secure enough.

daum3ns · 4w

well you can distribute the keys physically make it more difficult.. also its useful for coorporations or associations where multiple persons must confirm spending.. but for your usecase probably adding a passphrase, which you don't backup and remember very very well, could be the sweet spot.. s...

Hofer99 · 4w

Single SIG is 1 key. Multi SIG is 3 keys. You can imagine how hard it is to crack a multisig vs singlesig, that's my biggest takeaway.

FernandoTheKoala · 4w

I think this below is the only real advantage of multi-sig (but then, it's already near impossible to crack even 1 so...). Because geographic distribution can be achieved even with a single sig by adding a passphrase, breaking down the passphrase in 4 pieces, and distribute those 4 pieces in 4 conti...