satoshi on Nostr: what am i getting wrong. ⬇️ SFOP 1. if i lose the seed(i know there is a back ...
what am i getting wrong. ⬇️
SFOP 1. if i lose the seed(i know there is a back up). sats lost
SFOP 2. if i lose the passphrase. sats lost
SFOP 3. if someone finds my seed, because its in multiple locations. sats lost (if no passphrasse)
SFOP 4. how does this solve inheritance without sharing your Seed + PP. heirs could walk away with your corn anytime. sats lost
isnt seed + passphrase essentially a 2/2 multisig, from a fundamentals pov(not technical)?
2/3 multi sig with geographically distributed keys and multiple wallet config backups has none of these failures.
i just don’t see how SS + passphrase is superior to 2/3 MS, unless it’s for small amounts and quick access.
SFOP 1. if i lose the seed(i know there is a back up). sats lost
SFOP 2. if i lose the passphrase. sats lost
SFOP 3. if someone finds my seed, because its in multiple locations. sats lost (if no passphrasse)
SFOP 4. how does this solve inheritance without sharing your Seed + PP. heirs could walk away with your corn anytime. sats lost
isnt seed + passphrase essentially a 2/2 multisig, from a fundamentals pov(not technical)?
2/3 multi sig with geographically distributed keys and multiple wallet config backups has none of these failures.
i just don’t see how SS + passphrase is superior to 2/3 MS, unless it’s for small amounts and quick access.