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Wouldn't these "traditional means" defeat the whole purpose of "crypto", which is to avoid reliance on a trusted third-party?
by lottin 5y ago
Wouldn't these "traditional means" defeat the whole purpose of "crypto", which is to avoid reliance on a trusted third-party?
- nfin 5y agoyou can use shamir secret sharing or other similar stuff (like multisignature wallets), so that you need m of n keys. Thus someone accessing some of your keys would not help them at all (and other things can be helpful lile time locks in combination with other features)
- toolz 5y agoNo, it gives you more options to handle security in a more robust way and how you see fit. There is no "purpose" of crypto - it's a tool and a tool that has more options than current popular asset protections can offer.