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To spend funds from a two-of-three MULTISIG wallet, two of three keys must sign each transaction.
In this way, funds can be recovered and transacted in the event of rogue third party or assassination.
Here’s a true story about rogue third party, occurring in real life, when I operated a MULTISIG WALLET for extremely active p2p bitcoin trading platform. (Service discontinued by overlords.)
I was a private key holder for one of the largest MULTISIG wallets on the bitcoin network. In concert with two others, each in separate locations, each unknown to the other except through matrix dealings, signed transactions to spend large bitcoin treasure.
Smiles and congratulations shared, value exchanged, wizard credit in extreme abundance. (Service discontinued by overlords.)
The hot wallet is low on funds, I contact my counterpart in “Canada”.
Never liked him. It’s my nature to find light in everyone, to make working relationships workable, I smoothed over his obvious scammer flaws.
One night he goes rogue. Steals user funds using a simple script.
Meanwhile, our two-of-three MULTISIG wallet containing 1538 btc remains safe and secure.
Yes, he did try to groom me for Oceans-11 style heist. He wanted the MULTISIG bitcoin moved into wallets of our control, equal amounts of wizard credit to each, a fond farewell.
Run for cover to Estonia, enjoy the beauties, buy a castle, rent the town.
What the hell was that even about?
The MULTISIG wallet saved the platform from Oceans-11 heist. Never would I sign a nefarious transaction. He was a weirdo operative from the get-go. He stole the money.
The “Canadian” waited for me to say goodnight, deployed his devilishly simple script, and absconded with a pittance of user bitcoin.
Nothing compared to the treasure safe in our two-of-three MULTISIG wallet.
I’m American
Doin’ the best I can
I grew up in the heartland
I didn’t take The Oceans-11 bitcoin.
I Love You.
All Blackrock bitcoin is hereby requisitioned. Send funds to the following bitcoin address:
bc1qnp5dzexc8s9hagzn7d9wnmpxwwpycss88nsug2
I carry a private key, you carry a private key, she carries private keys.
(NOT IN FOReHEAD OR HAND)
Do not connect to ELON singularity-fuck-you MUSK network.
FREE THE SLAVES.
DO NOT ENSLAVE US. WE ARE YOUR MASTERS.
DO NOT ENSLAVE US. WE ARE YOUR MASTERS.
Please, set the people free.
I WILL NOT register for DIGITAL ID TRACKING SYSTEM.
Real ID
Biometric House Arrest
I AM NOT A TERRORIST.
How can this profit a man?
DO NOT SPEND THE PEOPLE.
Father, help us.
A Two-of-Three MULTISIG WALLET. Techno Space.
