Scary because no keys can be lost. As the number of signatures required increases the risk also increases. Could be thought of as hard multi-factor authentication.
Could be used for small group funds that do not require much security. Least secure multi-sig option because it is not multi-factor. Any compromised individual would compromise the entire group. Group funds for a weekend or evening event might be a good usecase. A shared wallet might also be fun for some kind of games too. Besides being convienient to spend from the only benefit of this setup is that all but one of the backup/password pairs could be lost and all of the funs would be recoverable.
m=1 and n>1
n = number of signaures avaliable
m = singatures required to spend
Multi-Sig Usecases
Pretty pretty good
It was God who made me so beautiful. If I weren't, then I'd be a teacher.
A narcissist is someone better looking than you are.
In all large corporations, there is a pervasive fear that someone, somewhere is having fun with a computer on company time. Networks help alleviate that fear.
The competent programmer is fully aware of the limited size of his own skull. He therefore approaches his task with full humility, and avoids clever tricks like the plague.
Money is better than poverty, if only for financial reasons.
Despite the high cost of living, it remains popular.
Once you've written TBicycle, you never forget how.
Don't drive me crazy -- it's within walking distance.
Manuscript: something submitted in haste and returned at leisure.
They show you how detergents take out bloodstains. I think if you've got a T-shirt with bloodstains all over it, maybe your laundry isn't your biggest problem.
Egotist: a person more interested in himself than in me.
All sorts of computer errors are now turning up. You'd be surprised to know the number of doctors who claim they are treating pregnant men.
One doesn't have a sense of humor. It has you.
The concept is interesting and well-formed, but in order to earn better than a 'C', the idea must be feasible.
My occupation now, I suppose, is jail inmate.
Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies.
Modern capitalism is not about free markets, it is about building sufficient mass that the market gravitationally collapses around you.
If it wasn't for C, we'd be writing programs in BASI, PASAL, and OBOL.
Tact is the ability to tell a man he has an open mind when he has a hole in his head.
A blind bloke walks into a shop with a guide dog. He picks the Dog up and starts swinging it around his head. Alarmed, a shop assistant calls out: 'Can I help, sir?' 'No thanks,' says the blind bloke. 'Just looking.'
We totally deny the allegations, and we are trying to identify the allegators.
The perfect computer has been developed. You just feed in your problems and they never come out again.
It has become appallingly obvious that our technology has exceeded our humanity.
Pray, v.: To ask that the laws of the universe be annulled on behalf of a single petitioner confessedly unworthy.
Never interrupt your enemy when he is making a mistake.
Richard Nixon is a no good, lying bastard. He can lie out of both sides of his mouth at the same time, and if he ever caught himself telling the truth, he'd lie just to keep his hand in.
The true measure of a man is how he treats someone who can do him absolutely no good.
The artist is nothing without the gift, but the gift is nothing without work.
We don't make mistakes, we just have happy little accidents.
An intellectual is someone who has found something more interesting than sex.
The surest way to corrupt a youth is to instruct him to hold in higher esteem those who think alike than those who think differently
The only way to get rid of a temptation is to yield to it.