AHWhite on Nostr: Ok,so I have just learned about BIP85 and its use case for "child seeds". This seems ...
Ok,so I have just learned about BIP85 and its use case for "child seeds". This seems to me like a really convenient way, even without multisig, to provide/generate multiple wallets for friends or relatives that don't have much bitcoin knowledge and alleviate the fear of losing their seed. Am I missing any disadvantages here? (I never hear BIP85 discussed as a strategy for long term storage or distribution within a defined number of peers when this question is discussed (
#Bitcoin #asknostr
Published at
2024-03-10 07:50:56Event JSON
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"pubkey": "c286c36b992f32efd68ab60584984572aaa82453d579f3b58aea5b15d1a1b2c5",
"created_at": 1710057056,
"kind": 1,
"tags": [
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"content": "Ok,so I have just learned about BIP85 and its use case for \"child seeds\". This seems to me like a really convenient way, even without multisig, to provide/generate multiple wallets for friends or relatives that don't have much bitcoin knowledge and alleviate the fear of losing their seed. Am I missing any disadvantages here? (I never hear BIP85 discussed as a strategy for long term storage or distribution within a defined number of peers when this question is discussed (\n\n#Bitcoin #asknostr",
"sig": "b26861ae71ee6e97b52c993b9e93f587c42ffcf8f4e0fa33271eb152eb5a6d4a7c82d541476c9795c04d464cac30c73168712f0c7d554d4beee5ff09078a885f"
}
