I loved the detailed explanation how to setup such multisig environment 🙇♂️ We shall trust the smartcontract though. In your view: How save is this smartcontract? Some additional questions: Would you recommend this setup over a hardware wallet in combination with some multisig? When latter, what is your recommendation for multisig with hardware wallet? Maybe offtopic, you recommend Trezor while many peeps recommend Ledger Nano. What is the reason you dont mention Ledger when talking hardware wallets? BTW, liked the Twitter spaces on security of last week 😉 Oww maybe shall ask above in 10set TGLP discord?
You don't have to trust the smart contract, you can read through the code and verify what it does.
I recommend Trezor T over Ledger because Trezor T is fully open-source (therefore verifiable).
Ledger is not open-source, therefore we can't verify what it does, therefore we have to trust the company.
When your assets are handled by multisig, though, a choice of one individual wallet is less important. What becomes more important is that you use wallets from various manufacturers/providers.
For example: I'd rather use multisig with Trezor T + Ledger + iOS MetaMask, rather than 3 x Trezor T
I loved the detailed explanation how to setup such multisig environment 🙇♂️ We shall trust the smartcontract though. In your view: How save is this smartcontract? Some additional questions: Would you recommend this setup over a hardware wallet in combination with some multisig? When latter, what is your recommendation for multisig with hardware wallet? Maybe offtopic, you recommend Trezor while many peeps recommend Ledger Nano. What is the reason you dont mention Ledger when talking hardware wallets? BTW, liked the Twitter spaces on security of last week 😉 Oww maybe shall ask above in 10set TGLP discord?
You don't have to trust the smart contract, you can read through the code and verify what it does.
I recommend Trezor T over Ledger because Trezor T is fully open-source (therefore verifiable).
Ledger is not open-source, therefore we can't verify what it does, therefore we have to trust the company.
When your assets are handled by multisig, though, a choice of one individual wallet is less important. What becomes more important is that you use wallets from various manufacturers/providers.
For example: I'd rather use multisig with Trezor T + Ledger + iOS MetaMask, rather than 3 x Trezor T
PS. I'm happy to answer here and or Discord :)