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Coins per address advice
I have recently had coins returned from the cryptopia exchange liquidation that i bought/traded back from 2014/2015. Im aware that the chance of brute forcing a key are extremely low in chances though it has been done at past on luck (large bitcoin collider on bitcointalk). Im not spooked on the chance of my particular 1 address but it got me thinking 2 things. Is it better to split btc over multiple addresses to spread this risk ie if you had 2 btc is it worth doing 1 byc in 2 addresses. i know of multisig but not fully understanding of it. e.g if i multisig an address is it still under the hood just an obfuscated way to sign ie does it point together to 1 private key? so if i 2 of 3 does it just make a single private key that someone could beute force and thus more a business signing way to split fund authorisation for a spend to limit risk. For the above 2 points what are the amounts that should split for 80-200btc to limit risk. This is a throw away account and a serious request. I wont be responding to dms and scams. submitted by /u/Queasy-Award6526 [link] [comments]
I have recently had coins returned from the cryptopia exchange liquidation that i bought/traded back from 2014/2015. Im aware that the chance of brute forcing a key are extremely low in chances though it has been done at past on luck (large bitcoin collider on bitcointalk).
Im not spooked on the chance of my particular 1 address but it got me thinking 2 things.
Is it better to split btc over multiple addresses to spread this risk ie if you had 2 btc is it worth doing 1 byc in 2 addresses.
i know of multisig but not fully understanding of it. e.g if i multisig an address is it still under the hood just an obfuscated way to sign ie does it point together to 1 private key? so if i 2 of 3 does it just make a single private key that someone could beute force and thus more a business signing way to split fund authorisation for a spend to limit risk.
For the above 2 points what are the amounts that should split for 80-200btc to limit risk.
This is a throw away account and a serious request. I wont be responding to dms and scams.
[link] [comments]
