Bitcoin Forum
May 03, 2024, 05:26:49 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Question about degrading the n in a m/n Multisig setup  (Read 99 times)
kbdwarrior (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 9


View Profile
April 01, 2024, 12:14:12 PM
Merited by JayJuanGee (1)
 #1

If I have a m/n Multisig setup, with n much larger than m, does losing/destroying one of the n seeds degrade my setup to a m/(n-1), just as long as n-x > m and I have all the relevant meta information like all xpubs, derivation path, etc.?
Example: Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
You can see the statistics of your reports to moderators on the "Report to moderator" pages.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714757209
Hero Member
*
Offline Offline

Posts: 1714757209

View Profile Personal Message (Offline)

Ignore
1714757209
Reply with quote  #2

1714757209
Report to moderator
1714757209
Hero Member
*
Offline Offline

Posts: 1714757209

View Profile Personal Message (Offline)

Ignore
1714757209
Reply with quote  #2

1714757209
Report to moderator
1714757209
Hero Member
*
Offline Offline

Posts: 1714757209

View Profile Personal Message (Offline)

Ignore
1714757209
Reply with quote  #2

1714757209
Report to moderator
Charles-Tim
Legendary
*
Offline Offline

Activity: 1540
Merit: 4837



View Profile
April 01, 2024, 12:19:19 PM
 #2

Example: Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
If it is 2-of-10 multisig. 2 keys are needs to sign before you can be able to broadcast transaction, while the remaining are needed to setup your wallet. It can not become 2-of-9. You need all the 10 keys for wallet recovery.

.
.HUGE.
▄██████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███████████████████████▄
▄█████████████████████████▄
███████▌██▌▐██▐██▐████▄███
████▐██▐████▌██▌██▌██▌██
█████▀███▀███▀▐██▐██▐█████

▀█████████████████████████▀

▀███████████████████████▀

▀█████████████████████▀

▀█████████████████▀

▀██████████▀▀
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINSPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
LoyceV
Legendary
*
Online Online

Activity: 3304
Merit: 16587


Thick-Skinned Gang Leader and Golden Feather 2021


View Profile WWW
April 01, 2024, 12:19:40 PM
 #3

Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
As far as I know, 2-of-10 gives a larger transaction size than 2-of-9.

kbdwarrior (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 9


View Profile
April 01, 2024, 12:36:49 PM
 #4

Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
As far as I know, 2-of-10 gives a larger transaction size than 2-of-9.
Good point, thanks.
Findingnemo
Hero Member
*****
Online Online

Activity: 2324
Merit: 758


Bitcoin = Financial freedom


View Profile
April 01, 2024, 12:48:25 PM
 #5

Example: Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
If it is 2-of-10 multisig. 2 keys are needs to sign before you can be able to broadcast transaction, while the remaining are needed to setup your wallet. It can not become 2-of-9. You need all the 10 keys for wallet recovery.

As long as metadata is available then there is no problem with the wallet recovery even if one of the seed phrases is lost. to OP, technically it reduces the security of the wallet and considering 2 out of 10 then losing 1, the security concern for the remaining available cosigners is negligible.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
View ArchiveReport to moderator
kbdwarrior (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 9


View Profile
April 01, 2024, 12:53:02 PM
 #6

Example: Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
If it is 2-of-10 multisig. 2 keys are needs to sign before you can be able to broadcast transaction, while the remaining are needed to setup your wallet. It can not become 2-of-9. You need all the 10 keys for wallet recovery.

[...] technically it reduces the security of the wallet and considering 2 out of 10 then losing 1, the security concern for the remaining available cosigners is negligible.
Could you please elaborate how losing a seed as long as the quorum is available reduces the security of the wallet?
Zaguru12
Hero Member
*****
Offline Offline

Activity: 686
Merit: 868



View Profile
April 01, 2024, 12:59:11 PM
Merited by Halab (2), JayJuanGee (1)
 #7

If you have the Xpub of the 10 co-signer then you can use it to recover the other co-signers without having the need for the 10th seed phrase since you wouldn't be needing it for signing of the transaction. you can simply just create another multi sig again and move the funds there because losing of the sedd could have reduce the security of the wallet.


Could you please elaborate how losing a seed as long as the quorum is available reduces the security of the wallet?

if someone gets hold of one of the co-signer details then with the ratio of n:m used, they might be needing just one more co-signers details. except if the xpub and derivation path isn't on the lost back up

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
nc50lc
Legendary
*
Offline Offline

Activity: 2408
Merit: 5583


Self-proclaimed Genius


View Profile
April 01, 2024, 02:21:05 PM
Merited by JayJuanGee (1)
 #8

Example: Create a 2/10 Multisig. Destroy one of the 10 seeds. Do I now have the equivalent of a 2/9 Multisig?
Technically, each of your 2-of-10 MultiSig address is a script consisting of 10 public keys and the number of signatures required to unlock it,
When hashed, it produces a specific scriptPubkey (shown as address in wallets)
Even if you lose the seed of one of the public key, your wallet will still have to include that public key when it needs to unlock that script.

Because otherwise, a script with 9 public keys, even though consisting of same public keys and same number of required signatures
will be an entirely different script and will produce a different scriptPubkey.

So it's still a 2-of-10 in your wallet and in the Bitcoin blockchain.

.
.HUGE.
▄██████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███████████████████████▄
▄█████████████████████████▄
███████▌██▌▐██▐██▐████▄███
████▐██▐████▌██▌██▌██▌██
█████▀███▀███▀▐██▐██▐█████

▀█████████████████████████▀

▀███████████████████████▀

▀█████████████████████▀

▀█████████████████▀

▀██████████▀▀
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINSPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!