zlacker

[parent] [thread] 3 comments
1. nether+(OP)[view] [source] 2022-02-09 03:30:36
You don’t need splitting the private key. Bitcoin has multisig setup. For example, you can setup your wallet such that 6 out of 10 private keys need to sign in order to transfer funds. Spread that 10 private keys out. Or 3 out of 10. Or 2 out of 5. Any n out of m.
replies(1): >>pshc+M3
2. pshc+M3[view] [source] 2022-02-09 04:01:39
>>nether+(OP)
You're right, gathering multisigs would be much safer than gathering SSS shares because you wouldn't be carrying around bits of the private key.
replies(1): >>sratne+Ei
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3. sratne+Ei[view] [source] [discussion] 2022-02-09 06:19:23
>>pshc+M3
Any single SSS share does not disclose any additional information about the private key (i.e. it is not like splitting the key itself into parts).
replies(1): >>Mayeul+HA
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4. Mayeul+HA[view] [source] [discussion] 2022-02-09 09:23:15
>>sratne+Ei
And SSS also allows n out of m.
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