Any plans to use witness multi-sig to hold wallet balances? I understand if that may not be your focus on the roll-out.. It sure would be cool if we had a secure way to hold a lot of funds on different chains though in the same wallet.
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Hi jamesc,
can you be more specific please? What do you mean?
As a secondary wallet, if a user wants to spend Bitcoin, their "large" wallet can sign a transaction with the user's private key and put it on the Bitshares network. The Bitshares witnesses can create and all start signing a multi-sig transaction to spend the Bitcoin on the Bitcoin network. This takes the balance away from a server that could be hacked and instead puts it into the hands of many witnesses (which would all need to be hacked).
I'm not sure how this would all work under the hood. More research is needed on this...
Sounds interesting, I will skype you about this idea.. Thanx James :)