I should've said "trusted steemians". They could be biggest sponsors, your helpers, witnesses, anybodies' trusted by you and the community. I've previously used Reed Soloman FEC To give that "N of M" level of protection. Given you already trust those M steemians to a degree, that gives some additional protection because N of them would have to conspire against you. I currently use a 2of3 code (not RS, but my trust is high) on a much smaller Steem project.
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My plan was actually letting them to vote to reveal the key. Once the biggest sponsors vote together to reveal the key, the key is revealed and sent to them. @eturnerx