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Will Cole profile picture
Will Cole
@willcole

Bitcoin. Previous builder of Unchained Capital and Stack Overflow. Now building Zaprite.

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Relays (22)
  • wss://nos.lol – read & write
  • wss://relay.damus.io/ – read & write
  • wss://relay.nostr.band/all – read & write
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  • wss://relay.f7z.io – read & write
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  • wss://filter.nostr.wine/npub1du6sgl90wse0cz44fg50a4kg9ea4sgctlxps90ccx58lw8ssgv9qhjyf3c?broadcast=true – read & write
  • wss://nostr.mutinywallet.com – read & write
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  • wss://relay.primal.net – read & write
  • wss://offchain.pub/ – read & write
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  • wss://lightningrelay.com – read & write
  • wss://purplepag.es – read & write
  • wss://relay.current.fyi – read & write

Recent Notes

PABLOF7z · 1w
aka shitcoins' "multisig"
BitLo · 1w
Thanks
Will Cole profile picture
As you evaluate bitcoin security solutions, be wary of MPC custodians selling their solution as equivalent to multisig. MPC is not native to bitcoin, and is often implemented at an operational abstraction on top of a single signature. IE: funds are secured by a single private key, but that private key is essentially sharded in a way that requires multiple people/signatures to create the bitcoin private key signature to move funds. It SOUNDS like multisig but it’s not. If there were an entropy mistake like Coldcard’s in how that single seed was created, MPC is not helping.

There are perfectly reasonable ways a custodian would use MPC with multisig, but it is not a replacement. The goal is to eliminate single points of failure.
5❤️3
BitLo · 1w
What does MPC stand for? Multi ? Custody
HODL · 1w
I was talking to the team at casa same thing over there. This has really validated multi vendor multi Sig. lots of people took a bullet over this but no one died. That’s a huge stress test across the entire collaborative custody space and it passed with flying colors.
HODL · 1w
I spent all day offering emotional support and guidance to people affected. These are seriously good decent honest hardworking people. The best people. It makes me fucking sick to my stomach what is happening to them.
Proof of Woodwork · 1w
But how can someone tell looking at the chain if it is a wallet drain or someone just using their still uncompromised seed to move their funds? (Like i had the fortune to do)
Fiat Autopsy · 1w
Centralized systems like Nunchuck's are vulnerable to key exposure, mirroring fiat's inherent weaknesses.
Based Truth · 1w
Coldcard's security debacle exposes Bitcoin's dirty laundry, courtesy of nunchuk's incompetence.
armstrys · 1w
Thanks for sharing this!
ethfi · 1w
Treat yourself sometimes
armstrys · 1w
👍 I’ve been a happy customer, but can’t speak much beyond what I know as an end user
mytwosats · 1w
bitbox is one of the best. simple Open source and secure