I'm also waiting for lightning implementations that close channels to offline keys (single or multi sig). I'd feel a lot more comfortable holding more in lightning channels if I knew my sats ultimately would land in cold storage.

If you can spend you bitcoin without leaving your house, flying to at least three continents, traversing the ocean in a submarine and using a time machine then your bitcoin is not safe. I don't know how you all sleep at night.

Like bitkey? https://bitkey.build/seed-phrases-are-sharp-edges/

Fees, you're increasing fees on all transactions going forward to spend.

For generational cold storage, how do you argue against a 24 word seedplate stored in a block of concrete?

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 ...

Multisig is the way imo once you are sufficiently advanced, single points of failure are not ideal It makes it safer to make backups in traditionally "less secure" methods (ie encrypted cloud backups) because even if someone does find one key, you're still safe

There are also a lot pitfalls in multisig which you have to consider. There is probably not one goto solution.

Couldn't agree more

> Multisig is how we should think about key recovery… Could you expand on this point a bit?

Do holders want to move their 'secure enough' stacks though? 🤔

Strong agree but need FROST for privacy preservation and to swap keys in/out.

Doesn’t mutlisig in some ways add counterparty risk which I’m trying to get away from in the fiat world?

Generally, I still subscribe to the Sparrow Wallet best practices. Though, I'm not married to the amount thresholds. In short, I still think a paper seed for a singlesig wallet can be perfectly appropriate depending on the situation. https://image.nostr.build/fe0e229d1cd014578bbfe732af086d60b7b60...

Yes.

Serious question, does the best most secure wallet and single or multi-sig really matter? If I'm coming after your Bitcoin I'm coming for your seed phrase not your wallet. If I have your words nothing else matters right?

No. Unless you are securing more than 100 bitcoin, A 12 or 24 word passphrased cold card should suffice

mixed/pros & cons

Bitcoin's L1 architecture makes widespread self-custody on the L1 technically infeasible, regardless of setup (single-sig or multi-sig). Self-custodial Lightning wallets have proven inadequate due to their complexity and channel liquidity requirements. Sidechains like Liquid are not a viable solutio...