mike on Nostr: Multisig is NOT fault tolerant: In a 2 of 3 multisig wallet (for example), to sign a ...
Multisig is NOT fault tolerant:
In a 2 of 3 multisig wallet (for example), to sign a transaction, you need 2 of the 3 private keys, but ALL 3 PUBLIC KEYS.
If you loose one of the 3 seed phrases and haven’t backed up the XPUB’s, you won't be able to reconstruct your wallet if you need to.
You will therefore loose access to your funds.
Published at
2025-04-03 13:05:57Event JSON
{
"id": "d930fb48c77fb72d5f081b0c66afe13bf5d8175095a58081249715c820dab07d",
"pubkey": "e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b",
"created_at": 1743685557,
"kind": 1,
"tags": [
[
"r",
"wss://relay.damus.io/"
],
[
"r",
"wss://relay.getalby.com/v1"
],
[
"r",
"wss://filter.nostr.wine/"
],
[
"r",
"wss://nortis.nostr1.com/"
]
],
"content": "Multisig is NOT fault tolerant:\n\nIn a 2 of 3 multisig wallet (for example), to sign a transaction, you need 2 of the 3 private keys, but ALL 3 PUBLIC KEYS.\n\nIf you loose one of the 3 seed phrases and haven’t backed up the XPUB’s, you won't be able to reconstruct your wallet if you need to.\n\nYou will therefore loose access to your funds.",
"sig": "85445f7402639e296f3d30b12f04d8123612b1ee327afa0a6425d3675e41d475c8af68132355390fc6e6efabd3e51bc4cf860a7711fa3f34d565aebb23a2bcfe"
}
