jimbocoin on Nostr: It’s OK. There are two ways to lose your coins: you lose access to the keys, ...
It’s OK. There are two ways to lose your coins: you lose access to the keys, someone else gains access to the keys. Defending against either one in isolation is easy. Security is about balancing both.
Seed XOR is equivalent to a 2-of-2 multisig. IMO, genuine 2-of-2 multisig is superior, for the reason previously mentioned: that seed material can be kept separate at all times.
The tradeoff is that witness data on chain is marginally larger, making spends more expensive. Spends also reveal the fact that it was 2-of-2, so slightly less private (unless using Taproot, which would be the same as single sig privacy wise).
Seed XOR is equivalent to a 2-of-2 multisig. IMO, genuine 2-of-2 multisig is superior, for the reason previously mentioned: that seed material can be kept separate at all times.
The tradeoff is that witness data on chain is marginally larger, making spends more expensive. Spends also reveal the fact that it was 2-of-2, so slightly less private (unless using Taproot, which would be the same as single sig privacy wise).