Big Barry Bitcoin on Nostr: Yeah, sort of. I'd use key splitting like seedXOR and Shamir's secret sharing scheme ...

Yeah, sort of. I'd use key splitting like seedXOR and Shamir's secret sharing scheme for distributed backups and recovery solutions.

Like as part of an inheritance thing where multiple people or locations can have part of the puzzle, so it is practically impossible to steal, but when your heir needs to use it, they do some treasure hunt and then never need to learn the nuances of collaborative signing or signing a transaction multiple times with different devices -- why force your inheritors straight into the deep end when they will probably just distribute funds to their own setups immediately anyway.

(Actually describing it as signing it multiple times sounds pretty good and easy to grasp).