pull down to refresh
Ok, but the trade off is that if you need to spend some of those sats you may have to wait up to 6-12 months right?
I think most of these kinds of attackers would be aiming for the lowest hanging fruit. Bitcoin on an exchange/ single sig etc.
Boomerang may be a better way for very wealthy bitcoiners to secure their stash. I think they had better understand the tech well before using it.
Yes you are right. It is indeed for high value, very low velocity bitcoins under high threat. This current design does not suit common retail holdings of bitcoin.
It can also be used as fallback foe Revault and Ajolote which are deleted key covenant structures. As such, that security - accessibility compromise is way more justified. For you go to fallback in those settings when your vault is already compromised.
Hey,
You need some peers to provide some sort of geographical diversification and more uncertainty as well as a multisig structure.
Regarding the second paragraph, say you have a multisig.
The thing here is that the act of signing is very predictable. I put you under duress and I know the signing flow and that's all.
Now consider using Boomerang.
Put yourself in the shoes of an attacker. Would your first choice of victim be those that have a setup that takes uncertain time to withdraw and has undetectable duress signals built in the withdrawal ceremony itself?