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authorMichael Dietz <michael.dietz@waya.ai>2021-09-03 13:42:05 -0500
committerMichael Dietz <michael.dietz@waya.ai>2021-09-03 13:49:03 -0500
commit9de0d94508828f5fdfaf688ccda5a91d38b32c58 (patch)
tree92b538bae360f85600034f5a11eaa7862c347c6d /doc/descriptors.md
parentf9479e4626f6b5126ff8cdab3a7e718c609429ef (diff)
doc: add disclaimer highlighting shortcomings of the basic multisig example
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For a good example of a basic M-of-N multisig between multiple participants using descriptor
wallets and PSBTs, as well as a signing flow, see [this functional test](/test/functional/wallet_multisig_descriptor_psbt.py).
+
+Disclaimers: It is important to note that this example serves as a quick-start and is kept basic for readability. A downside of the approach
+outlined here is that each participant must maintain (and backup) two separate wallets: a signer and the corresponding multisig.
+It should also be noted that privacy best-practices are not "by default" here - participants should take care to only use the signer to sign
+transactions related to the multisig. Lastly, it is not recommended to use anything other than a Bitcoin Core descriptor wallet to serve as your
+signer(s). Other wallets, whether hardware or software, likely impose additional checks and safeguards to prevent users from signing transactions that
+could lead to loss of funds, or are deemed security hazards. Conforming to various 3rd-party checks and verifications is not in the scope of this example.
+
The basic steps are:
1. Every participant generates an xpub. The most straightforward way is to create a new descriptor wallet which we will refer to as