3-of-3 creates a single-point-of-failure. 2-of-3 eliminates a single-point-of-failure such as a typo in a passphrase, which is essentially a 2-of-2. One minor mistake and you will hodl forever.
If you fuck up one of your keys in a 2-of-3, you can still recover. Ask me how I know. 😉
Replies (4)
I have had a typo and was able to recover, but it was nerve-racking.
There is a risk of two compromised devices, but the paper wallet has little chance of getting compromised unless there is some sort of nano technology I am unaware of.
The risk of the paper wallet is that the entropy cannot be verified.
You can have both: a 3 of 3 that becomes a 2 of 3 after a timelock. #Liana can build it.
Yeah, I've tried it. It's interesting. I'm just worried that it's too complicated.
