Why Nostr? What is Njump?
2023-09-21 15:47:29
in reply to

confettimoney on Nostr: Something is bothering me and doesn’t get any public attention AFAIK. Since you are ...

Something is bothering me and doesn’t get any public attention AFAIK. Since you are sponsored by both Nunchuk and Coinkite and particularly after the announcement that was made on 1 March regarding a partnership between Nunchuk and Coinkite (https://nunchuk.io/blog/nunchuk-coinkite) I am curious to hear your thoughts. I’ve watched your video on the Nunchuk Honey Badger plan and from what I understand is that Nunchuk has 1 of the 4 private keys (Platform Key) and an encrypted version of the Inheritance Key being a TAPSIGNER. This encrypted version could be decrypted with the code on the back of the TAPSIGNER and would Nunchuk get a hand on this, they would have a sufficient number of keys (2-out-of-4) to spend your funds. Given the partnership between Nunchuk and Coinkite which imho represents very close ties between the two, wouldn’t this Honey Badger setup be subject to rugpull risk? Coinkite could have stored all the Backup Passwords - no way to verify this at all - on the back of all the TAPSIGNERs they have produced/are going to produce and it would require Nunchuk only to get a list of all these Backup Passwords to be able to bruteforce the TAPSIGNER/Inheritance Key, meaning they could sweep your funds. Really curious on your thoughts. Thank you and keep up all the great work you are doing! 🤠
Author Public Key
npub1r0cdkzjzx3krn34q6u8jahgvnecsgu2ejhyyr4dy36dl4q6z9rusny0re9