I've had lots of DMs lately from those who are intrigued by the idea of Bitcoin Core Multisig on generic hardware, but worried about trusting a lightweight app like https://t.co/9HU8tz2dR9 to set it up for them (easily audited if you can read python), they would prefer to do it manually and take their time...
So, I created this guide as an educational tool & tutorial for setting up secure, offline Bitcoin Core multisig.
This is a great way to learn and get more comfortable with doing it the right way, all with very simple bash scripts that can easily be audited by feeding them into grok.
The best way to get started is just to set it up and use it for $5 of Bitcoin, you will quickly learn that it's not nearly as scary as people make it sound.
Feedback on the guide is welcome, especially if anything is unclear or needs more explanation.
https://t.co/xw2K8XR2tl
For anyone concerned about recent public security disclosures from @Rob1Ham regarding Yeti, please listen to this space. @JWWeatherman_ and @heavilyarmedc break it down and address concerns
If I were you, I’d start learning about @YetiWallet
A flood may come and there’s still time. Even if your entropy is fine, just learn about it.
Going back to the beginning, to Bitcoin Core is the best thing you can do for yourself.
@olvelez007@gofreesamourai If you have the time Oliver, @YetiWallet is as secure as possible, but it is more involved. Even if you don’t end up using it, it’s s good learning exp.
Going back to wallet.dat files is enlightening.
@saifedean Time to use your influence to point people to something that actually works. Anything less than Bitcoin Core on a wiped laptop booted up with Linux is the minimum. @YetiWallet is the gold standard.
@SahilC0@2muchtimewasted@bergealex4 I've onboarded absolute noobs with the @YetiWallet multisig version of this.
It's not difficult and it's using generic hardware with Core offers the best security by far.
@epic_curious@InterstellarBit Probably not a bad idea to do that.
In the meantime, there are excellent videos for @YetiWallet Levels 2 and 3.
https://t.co/dM8QikyiT5
https://t.co/9Rhj69gavD
@JWWeatherman_ talked a lot about how the seeds in hardware can’t be assumed to be perfectly random a long time ago.
@YetiWallet was the solution to this which can’t have the limitations of hardware wallets.
The more suspicious among us aren’t crazy.
Bitcoin will continue.
@statelessmed@PacingJouska I use @YetiWallet for my life savings (the 3 of 7 multisig). For smaller amounts, I use an old laptop with Core that stays offline to generate keys and sign transactions. Unfortunately, I don't know of any decent walkthroughs that exist for the latter.
Do you have a Coldcard?
@Rob1Ham@rodpalmerhodl@GrassFedBitcoin Yup. I used descriptors to create private keys on an offline machine running Core and derive a watch only wallet for my node. @YetiWallet uses descriptors to create multisig wallets in Core.