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For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
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Topic: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets? (Read 879 times)
Eqvant
Full Member
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Activity: 244
Merit: 178
Re: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
March 14, 2016, 09:05:28 PM
#21
Multisig gives us very high security. The security is important. I use
Copay
wallet from Bitpay. The wallet has a user-friendly interface. Try it.
He пpoпycти cмeнy тpeндa, бyдь вceгдa в кypce цeны bitcoin. Пoпpoбyй мoй telegram бoт
CryprusPrice.
oldbute
Jr. Member
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Activity: 59
Merit: 10
Re: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
March 14, 2016, 09:07:57 PM
#22
More security. If you had to sign transaction from key on your computer, then sign it from key on your phone attacker would need to compromise both devices. Something like 2 factor authentication
simonloff
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Activity: 126
Merit: 100
Re: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
March 15, 2016, 04:15:42 PM
#23
For regular people I think multi-sig has no real advantage, Unless for some reason you want to lock your coins, Other than that multisig has no serious use and merely just some extra bitcoin knowledge.
Meuh6879
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Activity: 1512
Merit: 1011
Re: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
March 15, 2016, 04:27:47 PM
#24
Quote from: OROBTC on March 14, 2016, 02:33:31 AM
I have been unable to think of any good reason why a single user would need or even want a 3xxxxx... wallet.
Kraken do.
Seems really logic in enterprise strategy of security ... you can't speend without muti-sig for valid spending.
no problem here.
only feature.
HeroCat
Hero Member
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Activity: 658
Merit: 500
Re: For us ordinary people: Is there any reason to use mult-sig (3xxx...) wallets?
March 15, 2016, 04:35:50 PM
#25
I do not see any real reason to use multi sig wallets. Especially for ordinary people.
And BTC confirmation times can be for hours, so better choice is to use simple online wallet, like Blockchain.
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