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.

bitryonix

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.

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.

bitcoin

Boomerang: Bitcoin Cold Storage With Built-in Coercion Resistance

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.