natoshi on Nostr: On a recent pod HODL and ODELL were discussing the bitkey and debating how much you ...
On a recent pod
HODL (npub1rtl…jtfs) and
ODELL (npub1qny…95gx) were discussing the bitkey and debating how much you would store on it. After getting one and playing around with it, I am struggling for reasons why you wouldn’t put your entire stack on it. It’s multisig, can be geographically dispersed, inheritance is rolling out this month, not sure if that will require kyc or not but most collaborative custody does, it allows utxo management, and you can set send limits that do not require the bitkey. What are the drawbacks?
jack (npub1sg6…f63m) Published at
2025-01-04 03:17:00Event JSON
{
"id": "2abf39abccffcfed6238eff7bcbfba41edae01e150d9bcd0ec208c4e5cb5ae03",
"pubkey": "bc815d16028c8b012103018596386b77cbd6ef27f10f1992ada4986104df0cab",
"created_at": 1735960620,
"kind": 1,
"tags": [
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
],
[
"p",
"04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9"
],
[
"p",
"82341f882b6eabcd2ba7f1ef90aad961cf074af15b9ef44a09f9d2a8fbfbe6a2"
]
],
"content": "On a recent pod nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs and nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx were discussing the bitkey and debating how much you would store on it. After getting one and playing around with it, I am struggling for reasons why you wouldn’t put your entire stack on it. It’s multisig, can be geographically dispersed, inheritance is rolling out this month, not sure if that will require kyc or not but most collaborative custody does, it allows utxo management, and you can set send limits that do not require the bitkey. What are the drawbacks? nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m ",
"sig": "4cbde73475f30f8f6979cd1b9542ebf2c896d9b07fefe5f11abfb995d05f7825a81d2aa1227b0ef72710ca040a5e5b08dedc89722acf52f6e38c13700952f0fb"
}
