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Websites would also lose their domain if the admin loses the private key, or it gets stolen. There would be no authority to return control to the rightful owner
by benhurmarcel 5y ago
Websites would also lose their domain if the admin loses the private key, or it gets stolen. There would be no authority to return control to the rightful owner.
I don't think most web actors would be ready to accept that massive drawback.
- cryptica 5y agoYou can have multisignature wallets so that you only need signatures from 2/3 of members. It would be unlikely for many people to lose their keys.