What is Nostr?
ghosthodler / Ghost Hodler
npub12e7…sr2h
2024-09-09 16:46:12
in reply to nevent1q…avew

ghosthodler on Nostr: The user interface clearly outlines the keys needed to initiate a transaction, which ...

The user interface clearly outlines the keys needed to initiate a transaction, which should help in proving you cannot move funds without traveling to the locations these keys may be kept at (like a vault or a safe deposit box). It also has an emergency lockdown feature that would lock you out for a set amount of time, and even if you have to provide your access details, Nunchuck will clearly state access is temporary unavailable. Even if somehow someone got a hold of one of the keys, the platform key has customizable policies like wait time periods prior to broadcast, etc. These guys have truly thought about wrench attack scenarios. Most people think decoys or hidden wallets with passphrases will fly. And in some cases it may, but this assumes an attacker trusts your word and that you truly don’t have any more funds. With Nunchuk, you can be transparent, both about your funds, and your inability to truly access them. Plus, providing an attacker with some decoy funds and hoping that’s good enough solves nothing. What makes you think he won’t try again down the line. Multisig, multivendor, multijurisdictional and geographically distributed keys is the only way. Nunchuk provides the best tool in the market for this, imo. A last word of advice may be, you may want to create proof that the keys are truly outside of your access. Hopefully in the future Nunchuk can provide a feature that helps with this, but in the meantime, you may want to have strong evidence that you don’t have them, so that no one spends more time than needed at your home.
Author Public Key
npub12e7aldfr5qu6y4gku6rz7aqxwuct34jhqf9l60gjrxthzc6q02fs62sr2h