For anyone with substantial bitcoin holdings, a custody structure that includes a single point of failure should be seen as unacceptable. If a wallet has a single component that—when lost or stolen—can lead to a permanent loss of funds, then it’s simply too dangerous to consider. Nobody wants to keep significant wealth teetering on the edge of catastrophe.

Individual bitcoin holders have numerous tools available that can help reduce the risk of loss or theft. In a previous article, we covered some of these tools, highlighting modifications commonly applied to singlesig wallets. However, we also explained why these approaches fall short of removing single points of failure…

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