Why multisig is insanely secure and how to setup 2-of-3 Electrum Bitcoin wallet 

I guess you are referring to the other version… this one was published 2 minutes ago haha.

@@sunknudsen Why was the first one deleted?

@Sheetal™ I wasn’t happy with the episode and noticed an outrageous typo when mentioning Shakepay that was just not acceptable. Not being able to earn a living from this project, I joined the security team of TrustToken (which has been a blast so far). That said, I have to admit being a little overwhelmed. I have to slow down a bit and make sure I invest enough time in episodes before publishing. The one I deleted wasn’t up to standard.

@@sunknudsen I was two minutes into the video and I really loved the way you explained this concept. This is why I commented on your video.

@@sunknudsen I have to personally admit though that episodes a bit rushed. Take your time, appreciate your content. Since there's a lot of value and information, your channel will definitely grow with time.

Second this. Brave vs Firefox vs Safari. Security of browser engines. Trade offs between them. Tor browser. Etc

Pleasure! You would need to use Electrum + two Ledgers + a third temporary hardware wallet used during multi-sig wallet creation. Once created, you would only keep paper backup of third hw and factory reset device. Btw, it’s hard to keep track of comments here… please consider starting discussion on github.com/sunknudsen/privacy-guides/discussions.

@@sunknudsen you are so f.king great person. O really appreciate your fast answer. Thank you thank you thank you.

​@@sunknudsen Hello. It is me again. I still didn't setup the multi-sig wallet as I'm still in the learning phase. I do have an idea to keep everything secure and cheap for beginner users like me. I would like to ask your opinion As you know, typing your primary pin to Ledger allows you to access your funds on your primary wallet (24 seed without passphrase). A secondary pin (for passphrase) can also be attached to ledger to access your funds on secondary wallet (same 24 seed with passphrase). So actually these 2 PINS represent 2 different wallets. They can be attached seperated co-signers for multi-sig accounts. So you can easily setup 2/2, 2/3 or 3/6 multisig wallets. I am not sure if this adds extra security but i think it is still an alternative way (2/2 multi-sig could offer extrasecurity) By the way, you dont have to attach a secondary pin for ledger, you can just type your passphrase to your ledger device. So you can generate infinite numbers of wallets like this 1)seed+ pass11111 2)seed+ pass22222 3)seed+ pass33333 ---->All you need to do is connect and disconnect your ledger several times while setup or sending btc :). I think it's a good alternative, although it's a bit time consuming. I would like to thank you again for your contents. Even though I'm not a computer person, they help a lot.

@@basganreiz 2 of 2 is dangerous bc if you lose one you're fucked.. never do 2 of 2, 3 of 3 etc

If you have all 3 private keys you can derive your 3 public keys from them, so you would be good to go if you needed to rebuild your wallet. However, in the case that you lost 1 of your private keys in a 2 of 3 multisig setup you would need all 3 public keys to rebuild your wallet. Make sure you back up all 3 public keys using the Output descriptor. The good thing tho is you can back up your public keys digitally and physically.

Make a new multisig wallet and transfer everything to the new wallet.