vnprc on Nostr: Interesting point. I think taproot is not actually an improvement in terms of data ...
Interesting point. I think taproot is not actually an improvement in terms of data availability for the most common multisig setups. Most ECDSA multisig addresses hash the script so you need to keep it safe off-chain. If you lose your wallet descriptor (which contains the script) you get rekt because you can't spend the UTXO, even if you have the right signatures.
This is why you always want to store the descriptor in physical format along with each private key. You don't know which key will get got so you need redundant copies.
A cool project I don't have time for would be to encrypt your wallet descriptor using your master key and store it as an inscription recoverable using only that private key. You still have to pick some kind of standardized wallet descriptor to go from master key to that first address, but this could just be a bip or some other standardized protocol.
It would be fun and educational to build but limited impact.
This is why you always want to store the descriptor in physical format along with each private key. You don't know which key will get got so you need redundant copies.
A cool project I don't have time for would be to encrypt your wallet descriptor using your master key and store it as an inscription recoverable using only that private key. You still have to pick some kind of standardized wallet descriptor to go from master key to that first address, but this could just be a bip or some other standardized protocol.
It would be fun and educational to build but limited impact.