Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Is Bitcoin Multisig Still The Best?. That video is uploaded by Bitcoin University at 2023-08-31T06:27:34-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [CoAk3htziUo]
| Name | Is Bitcoin Multisig Still The Best? |
| Video Uploader | Video From Bitcoin University |
| Upload Date | This Video Uploaded At 31-08-2023 13:27:34 |
| Video Discription | Learn to build your own Bitcoin vault: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin In this video, I discuss the complexity, security, and privacy tradeoffs of using single sig, multisig, and collaborative custody multisig Bitcoin cold storage. Multisig is definitely not for beginners, but I think it is the logical final step for serious Bitcoiners who want to secure large amounts of their net worth in Bitcoin. While single sig only really requires you to store one item securely (your 12 or 24 word recovery seed), multisig requires you to secure at least 2 out of the 3 recovery seeds in addition to a multisig wallet configuration file. The latter config file is more like a treasure map, which if compromised can leak information about where your Bitcoin is held, but cannot result in the loss of your Bitcoin unless the attacker is also able to gain control of 2 out of 3 of your private keys. My favorite multisig solution is a DIY multi-vendor, multisig vault that uses your own node to access the Bitcoin network, which I teach about in my paid course: https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin For many people, collaborative custody using a company like Unchained will make the most sense, if they are OK with leaking some privacy: https://unchained.com/vaults Not investment advice! Consult a financial advisor. Andreas doesn't like multisig for most people: https://www.youtube.com/watch?v=sjS5qF65Yos&ab_channel=aantonop Example of multisig wallet config file: https://unchained.com/blog/wp-content/uploads/2021/11/Unchained-Capital-2021-11-29-14-53-06.png Unchained is great for multisig collaborative custody: https://unchained.com/vaults How Multi-Sig Makes All Bitcoiners Safer: https://www.youtube.com/watch?v=_j4aSynAiX0&ab_channel=BitcoinUniversity I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #hardwarewallet #Multisig Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky. CoAk3htziUo |
| Category | Education |
| Tags | Bitcoin cold storage | single sig | multisig | Bitcoin University |
