Is it possible to do a 3-of-5 OR 1 multi-sig for backup purposes?Relation between multi-sig and single-sig addresses (in BCCAPI library)?Release A Bitcoin From Multi Sig Address?Multi-sig N of M where 1 of the keys can see the balance but not spend (read-only key)?Is it possible to combine multi-sig and locktime?Can a multi-sig address also be a vanity address?Multi-signature public key validationGet single xpub key from multi signature walletPossible to check who signed the transaction in a multi-sig transaction case?How do I add a multi-sig address to account to watch balance in Bitcoin CLIAre Relay Addresses Possible?
Is Fourier series a sampled version of Fourier transform?
How do I answer an interview question about how to handle a hard deadline I won't be able to meet?
Build a mob of suspiciously happy lenny faces ( ͡° ͜ʖ ͡°)
Upside down reversion for a Greek letter
What are these panels underneath the wing root of a A380?
Is there a fallacy about "appeal to 'big words'"?
Short comic about alien explorers visiting an abandoned world with giant statues that turn out to be alive but move very slowly
Meaning of だけはわからない
What's the point of writing that I know will never be used or read?
Duplicate and slide edge (rip from boundary)
Is there any official ruling on how characters go from 0th to 1st level in a class?
How can I enter recovery mode (for Mac OS, on an iMac) remotely?
Eric Andre had a dream
Is a USB 3.0 device possible with a four contact USB 2.0 connector?
Visa on arrival to exit airport in Russia
Is there a word for returning to unpreparedness?
What is the question mark?
Physical Interpretation of an Overdamped Pendulum
Can I use my OWN published papers' images in my thesis without Copyright infringment
Minimum population for language survival
Why should I pay for an SSL certificate?
Typesetting "hollow slash"
What's the relationship betweeen MS-DOS and XENIX?
Why do we use low resistance cables to minimize power losses?
Is it possible to do a 3-of-5 OR 1 multi-sig for backup purposes?
Relation between multi-sig and single-sig addresses (in BCCAPI library)?Release A Bitcoin From Multi Sig Address?Multi-sig N of M where 1 of the keys can see the balance but not spend (read-only key)?Is it possible to combine multi-sig and locktime?Can a multi-sig address also be a vanity address?Multi-signature public key validationGet single xpub key from multi signature walletPossible to check who signed the transaction in a multi-sig transaction case?How do I add a multi-sig address to account to watch balance in Bitcoin CLIAre Relay Addresses Possible?
.everyoneloves__top-leaderboard:empty,.everyoneloves__mid-leaderboard:empty,.everyoneloves__bot-mid-leaderboard:empty margin-bottom:0;
I'd like to create a multi-sig wallet where I can freely create transactions, but I want to give keys to trusted friends/family + a safety deposit box so that if I hit my head and forget my password, or I die, then the trusted people can recover my coins.
Is this something Bitcoin currently supports or plans to support?
script multi-signature
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
add a comment |
I'd like to create a multi-sig wallet where I can freely create transactions, but I want to give keys to trusted friends/family + a safety deposit box so that if I hit my head and forget my password, or I die, then the trusted people can recover my coins.
Is this something Bitcoin currently supports or plans to support?
script multi-signature
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
add a comment |
I'd like to create a multi-sig wallet where I can freely create transactions, but I want to give keys to trusted friends/family + a safety deposit box so that if I hit my head and forget my password, or I die, then the trusted people can recover my coins.
Is this something Bitcoin currently supports or plans to support?
script multi-signature
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
I'd like to create a multi-sig wallet where I can freely create transactions, but I want to give keys to trusted friends/family + a safety deposit box so that if I hit my head and forget my password, or I die, then the trusted people can recover my coins.
Is this something Bitcoin currently supports or plans to support?
script multi-signature
script multi-signature
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
edited Aug 5 at 10:47
Raghav Sood
8,9362 gold badges12 silver badges29 bronze badges
8,9362 gold badges12 silver badges29 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
asked Aug 5 at 0:27
B TB T
7147 silver badges21 bronze badges
7147 silver badges21 bronze badges
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
add a comment |
Your Answer
StackExchange.ready(function()
var channelOptions =
tags: "".split(" "),
id: "308"
;
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function()
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled)
StackExchange.using("snippets", function()
createEditor();
);
else
createEditor();
);
function createEditor()
StackExchange.prepareEditor(
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: false,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: null,
bindNavPrevention: true,
postfix: "",
imageUploader:
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
,
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
);
);
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fbitcoin.stackexchange.com%2fquestions%2f89589%2fis-it-possible-to-do-a-3-of-5-or-1-multi-sig-for-backup-purposes%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
add a comment |
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
add a comment |
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
Yes, this is possible. You can construct a script such as:
OP_IF
<key1>
OP_CHECKSIG
OP_ELSE
OP_3
<key2>
<key3>
<key4>
<key5>
<key6>
OP_5
OP_CHECKMULTISIG
OP_ENDIF
This will allow key1 to freely spend the coins, but if a signature from key1 is not present it also allows any 3 of the keys2-6 to spend the coins.
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
answered Aug 5 at 0:45
Raghav SoodRaghav Sood
8,9362 gold badges12 silver badges29 bronze badges
8,9362 gold badges12 silver badges29 bronze badges
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
add a comment |
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Awesome! Are there any wallets that support creating a structure like that?
– B T
Aug 5 at 1:09
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
Not to myknowledge - this is fairly non-standard, so you would likely have to script something yourself
– Raghav Sood
Aug 5 at 1:24
add a comment |
Thanks for contributing an answer to Bitcoin Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function ()
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fbitcoin.stackexchange.com%2fquestions%2f89589%2fis-it-possible-to-do-a-3-of-5-or-1-multi-sig-for-backup-purposes%23new-answer', 'question_page');
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function ()
StackExchange.helpers.onClickDraftSave('#login-link');
);
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
