I asked about something similar in the Bustadice thread and he said he would not in to detail which is definitely his right:
https://bitcointalk.org/index.php?topic=2219681.msg55608148#msg55608148With the greatest respect devans, which safety mechanisms are in place to ensure those 11,000+ Bitcoin investors will have access to both their profits and their investment in the unfortunate event something were to happen to you (incapacitated or death)?
I mean 11,000 BTC x $16,000 per Bitcoin = $ a lot of USD
Without going into detail, I've taken precautions to ensure that everyone including bankroll investors would be able to safely withdraw in case something were to happen to me. It may take some time, but everybody would eventually receive their money.
Hopefully that will never be necessary, though 🤞
The 2-of-3 multisig cold wallet I think is a brilliant idea (for multiple reasons). I hope devans is doing something similar on bustabit. If devans hasn't already revealed a basic overview of how he handles bustabit's cold wallet (I assume RHavar would've known otherwise) I'd be interested in knowing for peace-of-mind reasons. I assumed bit/dice both used the same multisig cold wallet storage techniques, but if devans has a superior way of doing it, don't know why he wouldn't use whatever is the safest, most secure option on both sites.