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Culture War Roundup for the week of January 29, 2024

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https://safe.global/

Gnosis Safe (now it seems they've renamed to Safe) is a very popular multisig wallet. They boast of millions of accounts and tens of billions in assets locked. Back when I was more into crypto (before crypto winter) it seemed to be the most popular multisig in the Ethereum ecosystem. In essence a multisig is a smart contract that holds, recieves but sends crypto only when certain conditions are met, usually when x out of y wallets have signed off on the transaction.

https://help.safe.global/en/articles/40842-set-up-and-use-spending-limits

Safe has a spending limits option. That means you could lock your funds in a multisig wallet that a certain number of friends and extended family have keys for (and/or spread them in bank safe boxes), and keep the ability to spend up to a certain limit for yourself. That way you could not be forced to transfer the entirety of your crypto without someone at the same time getting to enough of your friends/family/safety box keys.

*EDIT: Of course, I think it's important to repeat one of the crucial mantras to safe crypto usage: never trust something you don't really understand. I'm looking at Safe now and they've added some "recovery" features that I would have to investigate personally before I could consider trusting. Even without outright fraud or incompetence, some wallets/contracts try to resolve difficult usability problems (like password recovery) in ways that sacrifice security, and they don't always communicate that fact very plainly.