BTC131: Positioning For the Bitcoin Boom w/ Tuur Demeester (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
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The Benefits of Collaborative Custody for Bitcoin
Collaborative custody, also known as multi-sig storage, allows Bitcoin holders to have multiple keys that work together to secure their Bitcoin. It involves having a network of people that are literate in the same way, and a company that assists in the process. This approach is preferred by hardcore Bitcoiners as it provides enhanced security compared to traditional methods such as relying on exchanges or Bitcoin banks. Collaborative custody helps mitigate the risk of Bitcoin banks going belly up and allows users to have more control over their Bitcoin. Furthermore, collaborative custody technology keeps improving, with features like delay mechanisms being built in.
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