A little precision, I only hold the Posting Key.
Secret Sharing method. In a nutshell, using a crypto method, we can generate X
number of shares
and assign each share
to one member of the team. When generating the shares we can set a threshold Y
. If the custodian gets hit by a bus, then we just need Y members to provide their shares
and the app will be able to compute the original Owner Key.@buggedout, another way to handle "Custodian gets hit by a bus" is to use a method I used for TeamVN (when it still was a thing) is to use the
Very interesting. I always figured that multi-sig account functionality was the way this problem would ultimately be solved, but this could be a good option in the interim.
This method could also be used in some real life stuffs too.