My problem with the Bitkey is that if restoration can take place with 2 of the 3 keys missing, there exists a mechanism where a government subpoena can force Block to give them your bitcoin.
Seems like a solution for getting no-coiners into self custody rather than custodial but the trade-off is less security.
Sir NOSTR / Knightstr
npub1hr…06ggh
2024-03-15 01:35:14
in reply to nevent1q…39vy
Author Public Key
npub1hryyn9v9lxrqnlc55fft0d7tupj3e0v3msp9vvypxzzxtkdf4xqqg06gghPublished at
2024-03-15 01:35:14Event JSON
{
"id": "5cf2d8d1fa37468c74360af64dd90368165a42b178cbc6c95438839bd1228730",
"pubkey": "b8c8499585f98609ff14a252b7b7cbe0651cbd91dc02563081308465d9a9a980",
"created_at": 1710466514,
"kind": 1,
"tags": [
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],
[
"p",
"82341f882b6eabcd2ba7f1ef90aad961cf074af15b9ef44a09f9d2a8fbfbe6a2"
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[
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[
"p",
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]
],
"content": "My problem with the Bitkey is that if restoration can take place with 2 of the 3 keys missing, there exists a mechanism where a government subpoena can force Block to give them your bitcoin.\n\nSeems like a solution for getting no-coiners into self custody rather than custodial but the trade-off is less security.",
"sig": "dcdeaa844c1f8746ea828d04e861051e0eaf76dcae0a336ea3b35288f1b7bdeb058196ec93f33ece37ecc7f8223b6213caf9e451cfaf9729827e5a31cf4f0802"
}