Bitcoin Plebs: Coldcard really fucked up. I want a simple way to store my Bitcoin using a multi-vendor setup that requires approval from two different hardware wallets - especially for the stash I'm not planning to touch for the next 10 years.
Bitcoin Devs: You should use a 4-of-5 multisig where one of the keys is held by a third party, with a Miniscript decaying timelock that switches to a 2-of-5 policy after six months. Just remember to rotate the UTXOs every ~5 months. Oh, and use Taproot to obfuscate the full vault mechanism - most hardware wallets already support it.
AND DON'T FORGET TO BACK UP THE DESCRIPTOR. YOUR FAMILY WILL NEED IT IF SOMETHING HAPPENS TO YOU!
#dev #devstr #Bitcoin
Bitcoin Devs: You should use a 4-of-5 multisig where one of the keys is held by a third party, with a Miniscript decaying timelock that switches to a 2-of-5 policy after six months. Just remember to rotate the UTXOs every ~5 months. Oh, and use Taproot to obfuscate the full vault mechanism - most hardware wallets already support it.
AND DON'T FORGET TO BACK UP THE DESCRIPTOR. YOUR FAMILY WILL NEED IT IF SOMETHING HAPPENS TO YOU!
#dev #devstr #Bitcoin
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