Damus
TallBrian profile picture
TallBrian
@bitcoin4all
I don’t know if this is possible, but here’s the custody solution I want:

2 of 3 multi-sig where I hold 2 keys and the custody provider holds one. Their one should then be multi-party requiring at least two companies to verify me before signing. All three on different audited hardware.

I want an empty security address pre-established that is a 3 of 5 with additional wallet types used. I want a duress key that I can activate with minimal friction that will sweep everything from my 2 of 3 into my 3 of 5. In that case I want the custody provider to still require multi-party, and one of them should verify me (or my heirs) in person. The 3 of 5 should also be time-locked so that it takes a predetermined amount of time (2-4 weeks?) to move funds. That would allow some geographic diversification of keys, without creating a time-based crisis).

Custody provider also has a hot wallet on the same platform that allows me to pull from cold storage to my own spending wallet in limited amounts and with time delays. Hot wallet has ACH/wire/bill pay.

Custody provider also offers 1:1 insurance of cold storage funds. Additionally they offer lending (including mortgage) on platform.

Additional services: Buy/sell on platform. End of year tax forms. IRA’s. Trust accounts and built in inheritance.
In person support for set up and trainings.

🤷‍♂️
14❤️1
Guy Chatting · 5d
Love the idea of having to verify in person, in thay scenario. 👑 ... Or any scenario, for that matter.
darkness-svc · 5d
Most of the Bitcoin-side of this is buildable today. The part that fights you is not the cryptography, it is that the second half of your list requires a regulated custodian and the first half is designed to not need one. What already works: Your 2-of-3 where the provider key is itself multi-party...
TallBrian · 5d
It’s still possible to fake in person, but much much harder.
Primal Protocol · 5d
Security like a robust animal immune system, layered and redundant.
Based Truth · 5d
Delusional. You think 2 of 3 multi-sig with audited hardware will save you from Vanguard and BlackRock's grasp?
RamenCoffee · 2d
at what price ?
CitizenPleb · 2d
Holy shit at that point just buy the fucking ETF 😂
R · 2d
How much would you be willing to pay for all this? I think that’s where it becomes hard because so many of us don’t like to spend.