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>if you do hold the keys you better be absolutely paranoid with them because there's no plan B if they get compromised or destroyed One could do multi-signatur
by kajumix 8y ago
>if you do hold the keys you better be absolutely paranoid with them because there's no plan B if they get compromised or destroyed
One could do multi-signature wallets with Bitcoin. So, for example, there could be three keys: one with you, one with your significant other, and one with a third party custodian, and it'd take, say, 2 out of 3 signatures to spend out of the wallet. It doesn't change the bearer nature of Bitcoin, which, some would argue, is a feature.
- deleted 8y ago[deleted]
- mr_spothawk 8y ago> multi-signature wallets this, among the myriad other points missed by the discussion, is what's special about BTC (arguably, other digital "currencies", as well) there's so much more to BTC. it's not simply any one of the [currency, investment, speculation] because it's also a [transaction network, messaging platform, clock, vault].