Here's my quick idea tapped out on my phone but needing more work.
This is indicative of my thinking on how to decentralise what I'm doing with @v4vapp.
Bitcoin multi sig contracts are very limited. They form the basis of the entire lightning network so I've come to understand them.
I agree with comments elsewhere that trying to use 20 witnesses to one wallet would be a nightmare and as they go in and out of consensus you can't change their keys.
I rather see a growing collection of wallets with a manageable numbet of custodians.
This spreads risk and means we can have multiple custodians.
A lightning node is basically a Bitcoin account with shared ownership of multiple multisig wallets. But there's no way to run a lightning node without 100% power over it.
The only thing I can say about that is we are dealing way above my knowledge level. I have not the slightest idea of how to make it secure if this path is chosen. Fortunately there are those around here who grasp this stuff fully.
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