BIP-014 Increase Multisig For BBH Wallets

Status: Proposal

Author(s): @CryptoChicca @AlexPanda

Created: 17 November 2021

Discussions-to: https://gov.buzzedbearhideout.com/t/increase-multisig-for-buzzed-bear-wallets/591

Implementation (optional): Immediate. ‌

Buzzed Summary To increase the multisig on the Buzzed Bear wallets to include cryptochicca and alexpanda. This will increase from 3 to 5 people able to sign transactions for Buzzed Bear Hideout. Only 2 are required to undertake a transaction.

Abstract ‌ Buzzed Bears are starting to implement aspects of the investment strategy (BIP-003), and these require purchases from buzzed bears wallets, in order to spend honeypot funds for the benefit of bears.

It is proposed to increase the multisig from 3 people to 5 people, and include @cryptochicca and @alexpanda. Given bears operate 24/7, this will help with efficiency in supporting necessary transactions.

Specification ‌ Overview ‌ Add @cryptochicca and @alexpanda as multisig to increase people that can sign transactions for Buzzed Bear Hideout to 5 people. Only two are required to undertake the transaction, that will remain.

Rationale ‌ The reasons for this proposal are:

1. Promoting good governance for the Buzzed Bear Hideout brand
2. Providing risk management to Buzzed Bear holders
3. Helping implement transactions for Buzzed Bears

Technical Specification ‌ @defijesus to add @cryptochicca and @alexpanda to the multisig for Buzzed Bear Hideout wallets and provide necessary training to those two.

Test Cases ‌ @mesk85 has been added and trained as a test case, and this has been very successful. It is now time to add two trusted mods to the multisig to help facilitate hideout outcomes.

Copyright ‌ Copyright and related rights waived via CC0