Re:Did I just lose half a million dollars?
by thinkmassive on Sunday January 30, 2022 @10:59AM
(#30138259)
The gold standard is multi-sig with at least 3 hardware signing devices.
Devices can be permanently geographically distributed, protecting from disaster in any single location. This is superior to shamir’s because it never requires the single all-powerful private key to exist, removing that as a single point of failure/compromise.
So far this is only 100% achievable with Bitcoin as far as I know.
Devices can be permanently geographically distributed, protecting from disaster in any single location. This is superior to shamir’s because it never requires the single all-powerful private key to exist, removing that as a single point of failure/compromise.
So far this is only 100% achievable with Bitcoin as far as I know.