Damus
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Decentralized
@Decentralized
An unpopular opinion, offered as exactly that, a personal one.
A lot of people are saying this week that multisig is the answer.

Let me concede the strongest version of that argument up front: multisig across different manufacturers would have protected every single person affected by this. That's true, and it matters.

But here's what I keep coming back to.
Multisig doesn't remove a single point of failure. It trades one for another.
Lose your descriptor, the file holding every participant's xpub, the script type, the derivation paths, and your funds are gone even if all three seeds are sitting safely in your hands.
Two of three seeds without a descriptor is not a recoverable wallet.
Most people who set up multisig back up their keys religiously and their descriptor nowhere.
So the honest question isn't "is multisig more secure?"
It's "more secure for whom, set up by whom, recoverable by whom in five years?"
For someone who has never done a full recovery, a well-generated seed with a strong passphrase, backed up in metal, split across locations, beats a multisig they don't fully understand.
Not because multisig is worse, because a setup you can't operate isn't a setup, it's a liability with extra steps.
And if you're going to use a passphrase: back it up physically, separately from the seed. Never rely on memory.
A typo produces a valid, empty wallet, not an error message.

The real lesson from this week isn't multisig. It's independent failure domains. Don't let one manufacturer's mistake reach all your keys. Dice-generated entropy does that.
A passphrase does that. Multisig across vendors does that. Pick the one you can actually execute.

Start at kilometre zero. Nobody walked a thousand in a second.
76❀️10❀️2πŸ’œ2πŸ’―2πŸ€™1🧑1
ButtercupRoberts · 4d
Thanks for sharing! πŸ’œ
Dennis · 4d
One of the best decisions I made in my trading journey was learning from Craig. He never promised quick profits or a "secret strategy." Instead, he emphasized the fundamentals: understanding market structure, managing risk, staying disciplined, and thinking long term. Those lessons changed the way ...
BE · 4d
Very clear advice. Thanks!
π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) · 3d
it is hard enough to get people to dice rolls and passphrase. Multi sig in its current form is a non starter imo
PobreBoomer · 3d
AmΓ©n πŸ™
nostrich · 3d
πŸ’― - Absolutely how I see it. Multi-sig is more secure than single-sig, but there’s an increased risk of getting something wrong like not backing up the wallet descriptor and losing the funds because you can’t recover the wallet. Same sort of risk for pass-phrases.