Oceans of Wisdom

right now to do

now this is legimately a pain in the ass

means there are other signers in switzerland and/or london and/or signapore and/or nyc and/or LA and/or reykjavik

so presumably a full system a truly mega redundant system

no you did not

to get your 2nd signer out of the safety deposit box

branch on saturday night (closed)

did you have time to go to the bank

and then flying to europe usa whatever

your second cousin rolls up with a jeep - "hop in we are speedrunning to riyadh"

you have to GTFO

the hypersonic missiles start hitting the city

things go really badly

war breaks out with Iran

so far so good security

you have a 3/4 setup for your crypto

respectable security

you have distributed your keys among your house, your 2nd house, your banker, your 3rd cousin whatever

life is good

you live in abu dhabi or whatever

lets talk about redundancy for a second

we covered security

but this is redundancy not security

i dunno could we collectively own a swiss cave maybe

but for redundancy if you a second copy of something

for security it is a honeypot

we could in principle have some network owned infrastructure for redundancy not for security

but this is a material improvement to current state of the art

nothing is 100% perfect ok

you just need the time lock to be materially longer than any possible plausible kidnapping lol

correct!

agree with all the @[gpebbles] timelock comments

and there you want 2 days in a different safe

maybe you want to keep some ETH handy

like maybe on JPGs it is 6 months

and people can set timelock to their desired length

the idea is basically: 1/ time lock 2/ plus legible "we all use the same signer alt to timelock that people may learn won't sign" 3/ plus emergency exit from timelock in case of "bug in safe" "blockchain migration etc"

because otherwise what is to prevent the attacker from not even hitting me on the head but just stealing my laptop and coming here and saying "hey bros, help me amount i put a tx in, can you please sign it, need to do this mint"

only blockchain/network level topics

they have to agree to basically not sign individual requests

all of these are less credible "baseball bat resistent" than 5,000 people around the world who have socially agreed to not sign

because someone is logically going to think that any other address is your family, friends, colleagues or at worse banker/lawyer/etc

no individual address can make as powerful a committment

only network issues like quantum etc

network can make credible committments that they don't respond to individual situations

it is why you need to make the network museum a stakeholder

to save the museum's affiliated collections

well that is the type of thing i could see the gang getting together and authorizing a series of txt to migrate everyone's safes

and you are going to miss the window and now vitalik will steal your jpgs (he's been playing long game saving money not buying them to steal them later)

and you have timelocked yourself to 6 months