Post
Topic
Board Development & Technical Discussion
Re: Dead man's switch
by
bob123
on 16/11/2018, 07:01:02 UTC
No, no. this should be 1-of-2. the 2-of-2 doesn't work here. we exactly need either of the keys unlock the funds. therefore we could track abuses.

When Alice is alive uses her primary account for transactions normally. but she also creates a secondary account linked (with OR logic gate) to her primary account, and gives its security values to her attorney/trusted_person with permission to use the keys of the secondary account when she is dead. if she share her primary account with others, she can't track any abuse of her account, but with 1-of-2, you could simply track the sign of your funds to see which sign get used for a particular transaction.

But again.. this approach requires trust.

Yes, you could track the 'abuse' in terms of you'd know who spend these coins.
But you wouldn't be able to 'revert' it or anything else.

The coins would be gone in this scenario. The best approach is a trustless approach. And this does exclude the option of a 1of2 multisig with giving 1 key away.