pipe on Nostr: Here are a few reasons to have a multi-sig and/or cold wallet with a bank: -- you ...

Here are a few reasons to have a multi-sig and/or cold wallet with a bank:
-- you want a multi-sig wallet, but you don't know enough other people you'd trust with the private key
-- you want at least one key holder to be in a different geographic location or under a different legal system
-- your insurance provider demands a trusted third-party hold a key
-- the funds are in escrow
-- you want to make kidnapping or threats to your person or family pointless
-- you want someone to temporarily freeze and oversee all transactions, so that you can claw back or prevent errors/theft/fraud
-- you want to obfuscate transactions by having them occur on a wallet owned officially by the bank
-- it is part of an inheritance and the bank can ensure everyone gets the amount assigned to them in the will
-- the other key holders don't trust each other and want the bank as neutral intermediary
-- you want to create a hurdle against your own impulse spending