Are multisig Paper Wallets a thing? | Bitcointalksearch.org

TRYpolar

member

Activity: 61

Merit: 10

Quote from: hodlmybtc on July 19, 2014, 08:40:36 PM

I'm pretty sure multisig will be the future.

If someone wants the bitcoins in your multisig address they require multiple private keys instead of just 1 private key, it's just another layer of security.

If you want to create your own multisig addresses you should watch http://www.youtube.com/watch?v=zIbUSaZBJgU&list=UUgo7FCCPuylVk4luP3JAgVw and part 2 also.

I don't think enough people are this serious about security for multi sig to be the future.

There are also a number of other ways for corporations to secure their wallets so that multi sig would not be necessary

hodlmybtc

hero member

Activity: 700

Merit: 500

I'm pretty sure multisig will be the future.

If someone wants the bitcoins in your multisig address they require multiple private keys instead of just 1 private key, it's just another layer of security.

If you want to create your own multisig addresses you should watch http://www.youtube.com/watch?v=zIbUSaZBJgU&list=UUgo7FCCPuylVk4luP3JAgVw and part 2 also.

gragas

newbie

Activity: 40

Merit: 0

Quote from: heartbit on July 19, 2014, 11:11:38 AM

Spotted this on coindesk today
http://www.coindesk.com/mycelium-announces-entropy-offline-usb-paper-wallet-creator/

Has multi-sig feature - sounds like what you are after

interesting find. so it does need multiple pw`s before the keys are revealed. But what if that person forgets lol.

regardless though, I like the concept.

heartbit

newbie

Activity: 27

Merit: 0

Spotted this on coindesk today
http://www.coindesk.com/mycelium-announces-entropy-offline-usb-paper-wallet-creator/

Has multi-sig feature - sounds like what you are after

Envrin

sr. member

Activity: 318

Merit: 251

Sure, you could if you wanted. For example, maybe you wanted a 3 of 5 multisig. So you could create 5 separate paper wallets, and combine the 5 public keys to generate yourself one multisig address. You then send your funds over to that new multisig address. Now in order to send any funds, you need to have 3 of the 5 paper wallets, as just one won't work anymore.

Then hide your 5 paper wallets in different locations. If someone manages to get ahold of one or even two of your paper wallets, no big deal, because you need three of them to send any funds.

BittBurger

hero member

Activity: 924

Merit: 1001

I keep hearing this chatter about Multisig being the "new thing" in Bitcoin security.

I have a paper wallet. Bip 38 encrypted. Is Multisig something that can be incorporated into paper wallet creation?

Or is it a completely separate concept altogether.

Just want to be sure my Paper Wallet is using the most current security.

Topic: Are multisig Paper Wallets a thing? (Read 1525 times)