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Casa
@CasaHODL
Casa helps you secure your bitcoin. For the long term. Take self-custody of your BTC and other assets with an inheritance plan. Support: help@team.casa
462 Following    47.7K Followers
Two footguns most bitcoiners miss when setting up multisig according to @lopp. Not backing up your wallet descriptor, and treating multi-vendor multisig as "set it and forget it.”
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Casa makes multisig easy. Stay sovereign, stay safe, for the long term.
Someone breaks into your house, puts a gun to your head and demands your Bitcoin. You physically can't hand it over. That's what proper custody looks like, and it's why one of the most radical ideas in Bitcoin is that it could bring silence to systemic violence. Bitcoin won't stop crimes of passion. But no man is better than his incentives, and the uncomfortable truth is that crime does pay. You can acquire assets through stealing and extortion, and physical property is what makes that profitable. Gold in your closet can be seized by any man willing to threaten you for it. Bitcoin is the first non-physical property that can be directly owned, which makes it far harder to seize by force. Domain names came close, but a centralized third party controls them, so they can be seized by legal coercion. Bitcoin has no third party to coerce. Hold your own keys and you hold a bearer asset, like gold coins that aren't physically there. Ownership comes down to keeping a secret. That secret only protects you if you custody it properly. Write your private key (the password to your coins) on paper and lock it in a safe, and you've turned non-physical property back into physical property, seizable like the gold. Multi-key solves this. Picture the nuclear launch scene, men with briefcases handcuffed to their wrists, 2 or 3 keys turned together in sequence before anything fires. You can hold Bitcoin the same way. Break the private key into 3 pieces, or 5, or 7, called shards, and require a simple majority to move funds, 2 of 3 or 3 of 5, in a sequence you designate. Then distribute them across your circle of trust. Your accountant holds one, your lawyer another, you hold the third. Nothing moves without you, so you keep full control, and you gain redundancy, since losing one shard still leaves 2 of 3 between you and your accountant. Which brings it back to the gun. You can't hand over what you can't move. Pre-designate a safe word with your key holders, and when the thief forces you to call them, that word tells them to refuse. It's a custody schema as immune to coercion as anything you'll ever get, and it's what we trust with nuclear launch codes. In a Bitcoinized multi-key world, crime pays less. Even warfare becomes less profitable, and therefore less prevalent, thanks to Bitcoin. Bitcoin lowers the profitability of force, and humans do whatever is profitable, so the businesses built on force thin out. There are only two ways to acquire wealth. Making, where you produce and trade by consent, or taking, where you seize by force what makers have built. Bitcoin tilts the landscape of human action toward making.
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Collaborative custody is great because it makes multisig easy and approachable, so people know they won’t do something wrong. On a 3-of-5 you usually have more keys, which means your transaction process has more friction, on purpose, for additional security. One thing that is also great about collaborative custody with Casa, and often not mentioned, is the convenience. If you are traveling and you are on a 3-of-5, you can carry a hardware wallet with you, and if your phone is also one of the signers, you can request the Casa Key for a signature and move funds without having to travel to one of the keys that should be geographically distributed.
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During his keynote at the C4 Security Summit @lopp from @CasaHODL talked how attackers are increasingly going after the people behind the systems. Strong technology matters, but attackers often look for another way in, like through human behavior. More Summit clips coming soon!
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Multi-vendor multisig means one bad key can't move funds on its own. Multisig alone does not repair a key with bad entropy. If two of your three keys share the same entropy bug, they can share the same weakness.
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Bitcoin key generation depends on entropy: the randomness behind your seed. When that randomness is weaker than expected, the seed is guessable no matter which device holds it or how long the phrase is. July's Coldcard firmware disclosure made that concrete for a lot of bitcoiners. If you generated a seed on affected firmware and later moved it to a different wallet, the weakness moved with it. Do you know where the randomness behind your seed came from?
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Setting up a multi-vendor 3-key vault is easier with someone walking you through it live. Join the Casa team on Thursday, August 27 at 8:00am PT for a hands-on workshop where we will set up your first multi-vendor 3-key vault, step by step, with time for your questions along the way. Bring your own device to follow along in real time, or watch and set yours up afterward. Register free:
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Why does Casa store one key on your phone? It’s about defense in depth. I’ve personally seen the phone key save ~tens of millions of dollars for people who have messed up with their hardware keys.
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Weigh an 8+ word passphrase and hand-rolled dice entropy against a 3-key vault. Multisig starts looking like the simpler setup. @stephanlivera and Casa's CEO @Nneuman break down why multisig's complexity reputation doesn't hold up.
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The default Casa 3-key vault uses your Mobile Key, the Casa Key and a hardware wallet. The Casa Key is there so a lost key stays recoverable. It signs only after you authenticate, and only alongside one of your own keys. Swap in more vendors by creating a 3-key vault with two hardware wallets and the Casa Key instead. Every key you then sign with comes from a third-party manufacturer's firmware, or from dice you rolled yourself. Multi-vendor multisig, for the long term.
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Two of the three keys in a default Casa 3-key vault are generated by software Casa wrote: your Mobile Key and the Casa Key. We published where the entropy behind each key comes from, what each one gives up, and which ones you can replace.
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Build a 3-key, multi-vendor multisig vault and send your first transaction. Export your wallet descriptor any time and access it on open-source software wallets.
How to build a Casa multi-signature vault with two hardware wallets. - Setup 2 hardware wallets from scratch (preferably, different vendors) - Build a Casa vault using 3 keys - How to receive and send Bitcoin - Optionally: How to export wallet to Sparrow Wallet
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Bitcoin key generation depends on entropy: the randomness behind your seed. When that randomness is weaker than expected, the seed is guessable no matter which device holds it or how long the phrase is. July's Coldcard firmware disclosure made that concrete for a lot of bitcoiners. If you generated a seed on affected firmware and later moved it to a different wallet, the weakness moved with it. Do you know where the randomness behind your seed came from?
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Bring your own hardware. Multi-vendor multisig with your Ledger.
How to get started with multi-vendor multisig using the Ledger hardware wallet you have in the drawer at home with @CasaHODL.
Casa has always tried to build our product to support a spectrum of needs between simplicity <> security. Want to go simpler and trust Casa more? You can do that with a yubikey as your signer which is literally two taps for all actions. Want to go more hardcore and trust Casa less? Remove the mobile key, use airgapped hardware wallets, roll dice, have a field day. Then we wrap all of that in a clear and straightforward app where you always know what is going on, and have support from a team of experts that are always in your corner. 8 years and counting - building for the long term.
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Two of the three keys in a default Casa 3-key vault are generated by software Casa wrote: your Mobile Key and the Casa Key. We published where the entropy behind each key comes from, what each one gives up, and which ones you can replace.
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Diversify your keys. Multi-vendor multisig, for the long term.
Diversify your keys, not your coins. Spread coins across multiple single sig wallets: ⬇️ chance of catastrophic loss, ⬆️ chance of partial loss. Spread 1 wallet across multiple vendor keys: ⬇️ chance of catastrophic loss, ⬇️ chance of partial loss.
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Cloudflare created randomness by filming a wall of lava lamps. The wax never forms the same shape twice, so every frame is a number nobody can predict. A hardware wallet does that job with a chip. Until this month, few bitcoiners had reason to ask whether theirs did.
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Two quantum papers in one week, both with estimates way below previous projections. Google is now targeting 2029 for their post-quantum cryptography transition. We're hosting a Space with @lopp and @nic_carter this Thursday at 1 PM ET to discuss what this means for Bitcoin and the path forward. What questions do you want answered?
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