TEACH ME BITCOIN, SON. on Nostr: Dad: Son, what about splitting the 24 recovery seed words in two and storing the two ...
Dad: Son, what about splitting the 24 recovery seed words in two and storing the two parts in different locations?
Son: Hi Dad,
This is a bad idea that should not be done because if one set of words is discovered, then it becomes far easier to brute force the rest of the seed phrase.
Storing bitcoin in multiple locations like this should be done with multi-signature wallets instead. A 2-of-3 quorum is a great configuration to secure your funds.
Dad: Well, that brings other challenges, I assume.
Son: Yes, but it's not that hard to do.
#Bitcoin
Published at
2024-09-05 05:14:08Event JSON
{
"id": "2c7a3a8f94f895c6cc8b4f5ea064618158239981c148c833d6ed9bd5d952098b",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1725513248,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/dont-split-seed-do-multisig.png\n\nDad: Son, what about splitting the 24 recovery seed words in two and storing the two parts in different locations?\nSon: Hi Dad,\nThis is a bad idea that should not be done because if one set of words is discovered, then it becomes far easier to brute force the rest of the seed phrase.\nStoring bitcoin in multiple locations like this should be done with multi-signature wallets instead. A 2-of-3 quorum is a great configuration to secure your funds.\nDad: Well, that brings other challenges, I assume.\nSon: Yes, but it's not that hard to do.\n\n\n#Bitcoin",
"sig": "f06f6c0afb493e6307ee4777f3d8c33a7f3f8c42e39817c2a53c5c8234128111987a776a286540349488a375a1427f8d852ed2f9d680b3abf6cc3340e400fde3"
}
