InvestRepeat on Nostr: Losing keys is not an issue though in a multi-sig world which actually many have ...
Losing keys is not an issue though in a multi-sig world which actually many have already adopted.
You can have 3/5 majority multi sig in which you have 5 keys.
You can distribute those 5 keys among different entities like insurance company, Govt, your family members etc.
And only 3 out of 5 keys required to do a transaction. Losing 1 isn't a big deal.
Published at
2023-03-03 03:10:13Event JSON
{
"id": "4016c74bc7134c7a8c5320c64a8707b50543311e7cafd7224237cfba4f4d4694",
"pubkey": "8dfbea712e6263402297a88613240948231dec9172bee9afe2c82b5af27a72cb",
"created_at": 1677813013,
"kind": 1,
"tags": [
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"content": "Losing keys is not an issue though in a multi-sig world which actually many have already adopted.\n\nYou can have 3/5 majority multi sig in which you have 5 keys.\n\nYou can distribute those 5 keys among different entities like insurance company, Govt, your family members etc.\n\nAnd only 3 out of 5 keys required to do a transaction. Losing 1 isn't a big deal.",
"sig": "06726d8dd765f870c7aa427547fdb26364a199c7839f8f1758221584d1256ffb60a239d8039769bf178ceb09d0e967b72965acb06818daeace8a65d56531106f"
}
