calle 👁️⚡👁️ on Nostr: Gm, the quorum of the key holders to your Bitcoin does not make something ...
Gm, the quorum of the key holders to your Bitcoin does not make something non-custodial. The only thing that matters is whether your explicit cooperation is necessary to move your Bitcoin.
As the saying goes: Not your keys, not your coins.
It's not: "Not your 3-of-5 multisig but your coins – oh maybe 5-of-7 but you can't really verify whether these 7 people are actually the same entity or not so it might be just a 1-of-1 because it's not your keys remember, but maybe they are an aggregated Schnorr signature which might use Musig2 (it's unclear to you) or maybe it's a Frost threshold signature you can't really say because they all look the same – but hey it's a multisig right and multisigs turn into non-custodial systems when they reach a magic threshold of 3 to 7 or maybe 50 it's kinda undefined."
Published at
2024-01-22 13:49:37Event JSON
{
"id": "74f50db76ea043f3c87f74be4129d2c140d961b4885592fe7cefbef252b89252",
"pubkey": "50d94fc2d8580c682b071a542f8b1e31a200b0508bab95a33bef0855df281d63",
"created_at": 1705931377,
"kind": 1,
"tags": [],
"content": "Gm, the quorum of the key holders to your Bitcoin does not make something non-custodial. The only thing that matters is whether your explicit cooperation is necessary to move your Bitcoin.\n\nAs the saying goes: Not your keys, not your coins. \n\nIt's not: \"Not your 3-of-5 multisig but your coins – oh maybe 5-of-7 but you can't really verify whether these 7 people are actually the same entity or not so it might be just a 1-of-1 because it's not your keys remember, but maybe they are an aggregated Schnorr signature which might use Musig2 (it's unclear to you) or maybe it's a Frost threshold signature you can't really say because they all look the same – but hey it's a multisig right and multisigs turn into non-custodial systems when they reach a magic threshold of 3 to 7 or maybe 50 it's kinda undefined.\"",
"sig": "b0e4b7e154b389bf801476a518007d76e97c8268c7e5cdc5811a7b333f9ddb7df812c228487e63ed2309d8322d83f258da695aecb506902dbf730298f46b2637"
}