Quote from: pascal257 on Today at 08:32:50 PM

@devans @leomedina

How is the cold wallet, dead man's switches etc. handling moving forward? Would you care to elaborate?

Quote from: devans on October 07, 2023, 10:54:01 AM

Quote from: Synchronice on October 05, 2023, 04:32:47 PM

Quote from: devans on September 30, 2017, 01:17:33 PM

Multisignature cold storage
The majority of users' funds is securely held in 2-of-3 cold storage with keys split between Daniel of bustabit, Ryan and a trusted third party.

This wallet can only be accessed with the approval of at least two keyholders and ensures that users' deposits can be safely returned to them if something were to happen to one of the keyholders.

My question is not related to gambling or bustadice but I think it will be interesting for everyone. As you say, your team runs 2-of-3 multisig cold wallet and I want to know, how seriously do you take that in real life? I mean, do two of you or three of you ever move together? For example, via car? Because if you two are together in the car or on airplane and something bad happens (god bless you), two man is gone and wallet is left with only one man who can't sign a transaction alone.
I know this question may be curious for you and many people here but I am really interested in, how big companies manage their cold wallets.

bustadice actually moved from a 2-of-3 wallet to a 2-of-2 wallet a while back. While I updated the homepage back then, I hadn't updated the OP in this thread yet, so it's good that you point it out. The auditor (Ryan) is still the second keyholder, so the only thing that's changed is that redundancy is now provided by a combination of backups, dead man's switches etc. rather than a third keyholder.

To answer your question, we're rarely in the same location at the same time, but even if something happened to both of us at once I can promise that everyone including investors would be able to withdraw their money in an orderly fashion.

Hey! I am going to use a 2-of-3 multisig wallet for funds along with a dead man's switch in case anything happens to me, so that users and investors will be able to get their money back.