2 ms·
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 wall
by 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 agoAnd 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 agoSurprised 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"