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What's the recovery if your private Ethereum key gets deleted, or worse, stolen? If you're signing in via some other 3rd party, you can change your password.

What's the recovery if your private Ethereum key gets deleted, or worse, stolen? If you're signing in via some other 3rd party, you can change your password. I'm just trying to think of how "Sign in with Ethereum" would work if you're trying to get your technophobic grandma that clicks on phishing links and responds to the County Password Inspectors [0] when they call to use it. [0] https://www.smbc-comics.com/comic/2012-02-20 https://www.smbc-comics.com/comic/2012-02-20

knownjorbist 5y ago
Social Recovery is one of a couple methods people have proposed: https://vitalik.ca/general/2021/01/11/recovery.html https://vitalik.ca/general/2021/01/11/recovery.html
serverholic 5y ago
I think smart wallets will help with that. You’ll be able to create a set of recovery tokens such that you only need a subset of the tokens to recover your wallet. For example, you can generate 7 tokens and only need 5 to reset your wallet keys. You can give 3 to your relatives, 1 in a safe-deposit box, etc. Grandma’s kids can help her set it up. Edit: Or, for people who really prefer centralization, you can give all 7 tokens to Bank of America. The point is you have a choice and can design the security system you want.
- xur17 5y ago
  And I imagine the "recovery tokens" part being abstracted away. There will be a bunch of apps that work this, and there's no reason it couldn't be as simple as checking a few boxes to select the people you want to be able to help you with recovery, with some default rules that you can change.
- mNovak 5y ago
  Surprised actually this doesn't exist in a more general sense -- just X of N decryption of arbitrary files. Could be your private key recovery, or just mundane corporate documents with provable "two man rule"
Whike 5y ago
Visit www.prudentrecovery.com they offer recovery services for phrases and lost bitcoin and ETH

knownjorbist 5y ago

Social Recovery is one of a couple methods people have proposed: https://vitalik.ca/general/2021/01/11/recovery.html https://vitalik.ca/general/2021/01/11/recovery.html

serverholic 5y ago

I think smart wallets will help with that. You’ll be able to create a set of recovery tokens such that you only need a subset of the tokens to recover your wallet. For example, you can generate 7 tokens and only need 5 to reset your wallet keys. You can give 3 to your relatives, 1 in a safe-deposit box, etc. Grandma’s kids can help her set it up. Edit: Or, for people who really prefer centralization, you can give all 7 tokens to Bank of America. The point is you have a choice and can design the security system you want.

xur17 5y ago
And I imagine the "recovery tokens" part being abstracted away. There will be a bunch of apps that work this, and there's no reason it couldn't be as simple as checking a few boxes to select the people you want to be able to help you with recovery, with some default rules that you can change.
mNovak 5y ago
Surprised actually this doesn't exist in a more general sense -- just X of N decryption of arbitrary files. Could be your private key recovery, or just mundane corporate documents with provable "two man rule"

Whike 5y ago

Visit www.prudentrecovery.com they offer recovery services for phrases and lost bitcoin and ETH