‼️ BEWARE: In light of the recent Coldcard incident, some people are rushing into anything labeled “Multisig” without understanding the trade-offs.
A 3rd party provider may not be able to spend your bitcoin, but that's only part of the equation. Depending on the provider and setup, you may also introduce KYC, privacy, regulatory, and institutional dependencies into your security model.
“They can't steal your #bitcoin” does NOT mean “they can't become a dangerous dependency.”
Self-sovereign multisig does NOT require ANY 3rd party institution. Understand the trade-offs and make an INFORMED decision.
Protect your funds AND your privacy. Reach out to @The Bitcoin Way and we'll guide you through the proper self-sovereign setup.
A 3rd party provider may not be able to spend your bitcoin, but that's only part of the equation. Depending on the provider and setup, you may also introduce KYC, privacy, regulatory, and institutional dependencies into your security model.
“They can't steal your #bitcoin” does NOT mean “they can't become a dangerous dependency.”
Self-sovereign multisig does NOT require ANY 3rd party institution. Understand the trade-offs and make an INFORMED decision.
Protect your funds AND your privacy. Reach out to @The Bitcoin Way and we'll guide you through the proper self-sovereign setup.
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