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this post was submitted on 02 Nov 2023
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
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Monero, XMR, crypto, cryptocurrency
founded 1 year ago
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It may make sense to store CSS funds in another coin that is more multisig/offline singing friendly until we have an easy to use mutisig in monero. Then convert to XMR for payouts.
If crypto experts cannot keep funds safe then the average user has no hope.
DAI multisig on Ethereum, would also solve the volatility problem. Additionally it would show just how much we believe in our own coin ._.
What problems are there with Monero's multisig implementation?
Well, they were not using multisig on a team controlled wallet with 2.6k XMR, that tells you all you need to know about the multisig implementation.