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cooljoseph | 1 year ago

I don't understand why this was downvoted. In case it's not clear: (S)he's saying to split the key into multiple shares that can be used to reconstruct the key if you have a large enough quorum. Then store each share in a different place. As long as you don't lose too many of the shares, you'll be fine. And one baddie is NOT enough to get the key.

discuss

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throwaway290|1 year ago

Either shuffling those keys stored in N different deposit boxes is overly complicated for a normal person, or it is not overly complicated for a moderately dedicated baddie either

Djdjur7373bb|1 year ago

Unless the "baddie" in this case is the government, why would it be easy for anyone to obtain access to multiple secrets stored in multiple boxes/banks?

Multisig is a pretty common setup for crypto and there is software that makes it easier.