Recent content by abrahamtholos

Working on it!

I think you've missed my point, I've said multiple times that a multi-signer solution is not the right fit for someone holding a small amount of crypto. I'm purely comparing a hw wallet vs mpc or multisig for UHNWIs/businesses,etc

The better comparison would be whether you should be able to access a bank account and move funds with someones email and password or if you should have to have their email + password + authentication through mobile phone + in-person or over the phone verification for a large transfer... in...

Okay got it. So typically if you have multiple signatures (technically partial signatures not signatures but regardless) for a single wallet this will be a wallet that uses Multi-party Computation (MPC). There is no single key, but rather there are a number of key shards; of which a threshold...

This is how 90% of people use hardware wallets. Sure you can have Shamir on a Trezor or have multiple redundancies and distributed partial seeds, but this is far from standard.

A hw wallet is inherently a single point of failure; it is one device. If that device is hacked or accessed - your assets are lost. Equally - if you have a single seed phrase; if that seed phrase is leaked, your assets are gone.

What do you mean by "multiple signatures for a single device"? Most multi-signer wallet setups distribute the signatures/key shards across multiple devices.

Not entirely sure if you’re referring to my comment, but if you are; you can control the additional signatures from additional devices rather than having a single point of failure in one device.

Depends on the individual and the context. For an individual holding $10k in a couple of coins it doesn't make any sense. That being said, if you are an UHNWI holding a serious amount of funds on-chain; being able to leverage a distributed multi-signer system to safeguard funds starts to make...

Ledger is a decent hardware wallet solution - but it really depends on your use-case. The reality is that single-signer solutions (e.g. Ledger, Metamask, Trezor, etc) should only be used for individuals holding modest sums of $$. Hardware wallets like Ledger are also susceptible to physical...