So like a 2 of 3, multisig, whereby the lender has 2 keys and you have one?
Yes and No.
Multisig is not the safe option it is thought to be.
To recreate a multisig wallet you need the XPUB of all 3 keys, if one of the parties looses their keys and doesn't have the XPUB backed up and the original wallet is lost, there is no way to recreate this wallet and the funds are lost for ever.
This is explained here:
https://www.youtube.com/watch?v=sjS5qF65Yos
mike
npub1aq…c237n
2025-06-04 19:53:59
in reply to nevent1q…5hr7
Author Public Key
npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237nPublished at
2025-06-04 19:53:59Event JSON
{
"id": "0540f3cd8b1c040e85ae17f54a7dc8f3eeae74e356c022553743f5afed7d8750",
"pubkey": "e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b",
"created_at": 1749066839,
"kind": 1,
"tags": [
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"wss://nostr.mom",
"root"
],
[
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],
[
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],
[
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"content": "So like a 2 of 3, multisig, whereby the lender has 2 keys and you have one?\n\nYes and No.\n\nMultisig is not the safe option it is thought to be.\n\nTo recreate a multisig wallet you need the XPUB of all 3 keys, if one of the parties looses their keys and doesn't have the XPUB backed up and the original wallet is lost, there is no way to recreate this wallet and the funds are lost for ever. \n\nThis is explained here:\n\nhttps://www.youtube.com/watch?v=sjS5qF65Yos\n",
"sig": "a941ecca13868b16c2daf0270c54d0b4111cfd6167eca8e1c7157edd895926fe5835694a03c8ac73ea293c63a8f538c4a1a167c103c530f252395d9112d3921e"
}