4 ms·
Governments have the same problem with ID cards, and they solved it by requiring your parents or wife to vouch for you. So in order to solve the problem of lost
by z3t4 4y ago
Governments have the same problem with ID cards, and they solved it by requiring your parents or wife to vouch for you. So in order to solve the problem of lost private keys you could have a list of people that you trust, and if two of them
vouch for you - you can generate a new key and keep your old ID. Would probably want another layer or two of security by sending an activation key to a physical address, your home address, or family address. Or require you to show up in person to an office and have your fingerprint or iris scanned.
- sshine 4y agoFundamentally, cryptography alleviates the need for third-party trust, and opens up for losing your keys. It’s a tragedy that we don’t have social recovery as part of our online networking. I can lose access that my friends and family can not recover on my behalf. I may not give anyone my SSH keys, but surely my iCloud pictures are worth something to my relatives if I should get hit by a car. Vitalik Buterin wrote > One analysis of the Bitcoin ecosystem suggests that 1500 BTC may be lost every day - over ten times more than what Bitcoin users spend on transaction fees, and over the years adding up to as much as 20% of the total supply. https://vitalik.ca/general/2021/01/11/recovery.html https://vitalik.ca/general/2021/01/11/recovery.html