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Not your keys, not your coins. Pretty irresponsible to not store the encryption key in something like a bank safety deposit box or sharded across multiple peop
by miguelmota 8y ago
Not your keys, not your coins.
Pretty irresponsible to not store the encryption key in something like a bank safety deposit box or sharded across multiple people that don't know each but come together like in the event of a death to reconstruct the key.
- gremlinsinc 8y agowhat happens if 2 of those people die at same time?
- iwalton3 8y agoScheme like Shamir's Secret Sharing [1] allow you to split a secret between multiple people, and also set how many people are needed to reconstruct the secret. For instance, you could share it with 5 people, and only require 3 to reconstruct the secret. [1] http://point-at-infinity.org/ssss/ http://point-at-infinity.org/ssss/
- gremlinsinc 8y agoyeah, like they would be smart enough to pull that off, they couldn't even plan for the worst. Unless his plan was take it all to the grave.