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Why would you use Shamirs when the Bitcoin protocol has a superior mechanism built in? SSS is a good solution for other key material, and for storing a paper k
by thinkmassive 4y ago
Why would you use Shamirs when the Bitcoin protocol has a superior mechanism built in?
SSS is a good solution for other key material, and for storing a paper key to be used for recovery purposes, but it's completely inferior to multisig for normal management of a shared and/or large Bitcoin wallet.
- lrvick 4y agoWell, bitcoin is not the only type of secret one needs to protect. GPG keys, other cryptoassets, password manager master encryption keys, etc etc. I like to have one solution that can work for my entire cryptographic life.