One of the huge problems that crypto-currencies do not think about is inheritance. Most of us wish that when we die, our stuff goes to our children. But if our stuff is locked behind secure cryptography which depends on information locked in our brains, that does not happen. Unfortunately there is no way to open up ways of passing your crypto-currency to your loved ones without opening up a possible attack during you…
They think about it a great deal, especially ones like Bitcoin with finite money supply that will become less and less accessible over time as people die or lose their keys. Ethereum for example built a money supply algorithm that adds a set amount of currency every year, resulting in an eventual equilibrium where the % of total money supply lost per year = % of total money supply added. This has been on peoples' min…
Re: 2-of-3 Blind-Key Multi-Signature Security
#11Creating more currency is not necessary, all that’s needed — if a single currency unit becomes too valuable because it becomes too scarce — is to increase divisibility.