What is it?

I’m one of the motherfuckers who had no idea we had this capability 😂 that’s cool

🤔 https://m.primal.net/NbuV.jpg

Bullish.

What is Decaying multisig? Where do we learn about it?

Yup no clue what that is here lol

Very powerful option. Would like to see more wallets offer this as a suggested option. nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n Green wallet (software companion to their Jade hardware wallet) offers a one year “time lock” https://help.blockstream.com/hc/en-us/arti...

GM 🫡 Decaying Multisig is so cool. I like that it allows us to implement a time-based release of the funds and can also gradually reduce the security requirements for acceding the funds.

Well said Fren and GM to you

There’s gonna be so many random unneeded seed words floating around down the road

I had no idea either. How does this stack up next to just regular multi sig with an institution holding 1 of 5?

So basically just stay single sig then and you skip the decay 😂

I don’t need it but love the fact we have it

liana wallet does this

Having to roll over utxos to reset time locks is a big tradeoff.

Yeah it seems like a nice set of tradeoffs Multisig can be scarier than single sig in a lot of ways and this seems to capture some of the benefits of both

Could be done using multisig and without timelock: 1) Generate priv keys using entropy that on avg requires X months of work (very similar to block difficulty). 2) Derive pub keys. 3) Destroy priv key. 4) To spend you now need to re-generate priv key(s for multi) which will on avg take X months. Bon...

Indeed. Superpower for sure. GM to you too

Literally just learning about this now. Thank you. Further thought required tho.

What is this??

Never heard of it. I'll have to look into it.

I just asked my newest tool, perplexity.ai (which I am starting to really like). I do remember hearing about this before. I like decaying multisig. I want to do inheritance planning, but don't want to use a third party, so this looks like it will fit the bill. I was wondering if it would require...

So say you have a 3 of 3 and after 90 days it turns into a 2 of 3 What happens after the 90 days if you want to keep it a 3 of 3? Might be a stupid question just trying to understand it

https://wizardsardine.com/liana/