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1. hyolobrika@berserker.town's status on Monday, 20-Mar-2023 23:44:23 JST Hyolobrika

   Are social recovery wallets possible with Bitcoin and Monero?

   • silverpill (silverpill@mitra.social)'s status on Monday, 20-Mar-2023 23:44:22 JST silverpill

     in reply to

     @Hyolobrika I haven't heard about actual implementations, but in general, if you can split a private key, you can have social recovery:

     https://en.wikipedia.org/wiki/Secret_sharing

     In Ethereum they have both on-chain social recovery (using smart contracts) and off-chain (using various secret sharing schemes)

   • silverpill (silverpill@mitra.social)'s status on Monday, 20-Mar-2023 23:51:00 JST silverpill

     in reply to

     @Hyolobrika I think you can simply create e.g. 2-of-4 multisig wallet. Keep two keys for yourself, and give the other two keys to people you trust. If you lose your keys, your trustees can recover funds if they cooperate.