vnprc on Nostr: Assuming you mean 4 single sig wallets. If you already have three secure locations ...
Assuming you mean 4 single sig wallets. If you already have three secure locations you should use multisig to protect yourself from key loss. Right now if you lose access to one wallet you lose a portion of your savings. It will happen sooner or later.
Multisig fixes this. You spend from the remaining two keys and transfer to a new multisig setup. All you lose is the transaction fee.
Published at
2024-08-09 22:02:08Event JSON
{
"id": "73e46c268437dd70937cb6001258267b7e2752b77463c38e4d89123ea61e7af3",
"pubkey": "d3052ca3e3d523b1ec80671eb1bba0517a2f522e195778dc83dd03a8d84a170e",
"created_at": 1723240928,
"kind": 1,
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"content": "Assuming you mean 4 single sig wallets. If you already have three secure locations you should use multisig to protect yourself from key loss. Right now if you lose access to one wallet you lose a portion of your savings. It will happen sooner or later.\n\nMultisig fixes this. You spend from the remaining two keys and transfer to a new multisig setup. All you lose is the transaction fee.",
"sig": "e16656b933a82bb82c9895ed13f5aab9e1b64941bc7221750ef86af23b27f7466c9e7f1e99707bb070c5f75f1d903c52c71f41dff09c7fab27b5af6dff873c6a"
}