The mainstream public doesn't want their identity attached to a private key that they can lose.
And if you're letting someone else store the key, then it's just another form of "Login with X".
And if you're letting someone else store the key, then it's just another form of "Login with X".
When my partner clicks on a phishing link, not only are they exposing themselves but potentially also my identity in this multisig world.
What you are proposing is actually a lot better than the tech we have now. If I ever lose my Google login and their customer service does not want to deal with me then honestly, I'm not sure what I'd do. I'd rather trust my friends and family to help me out than FAANG.
> doesn't seem to solve meaningful, mainstream problems yet
Luckily there's a way to have other people store your key without the key ever technically existing outside your own computer - https://app.tor.us/, and using common web services (like email) to retrieve everything you need to construct the key in your browser whenever you need it. You can even use this to send money to a public key before its corresponding private key has ever been constructed by anyone! Meaning you can send money to someone who lacks a wallet by email, or by telegram, or by discord, or by reddit, or by anything, and they retrieve the money without anyone else ever seeing their keys or having to manage their keys themselves.
How it works: https://tech.tor.us/
Disclaimer: NOT associated with torus, just think its cool.
On the real, I think there are people who will want to try this if it’s made easy enough. Some people could try getting a name and keeping a wallet through a 3rd party, in which case they’re no better or worse off than they are now. But at any moment, if they feel the need, they could transfer that username to a cold wallet if they want to take control of their security. Or transfer it back to the third party if they later decide that’s too much work.
The cool thing about this is that it’s another option out there and it offers flexibility. For the record, again, I’m not one of those people calling this a revolution or “the biggest thing since the invention of the web”. I just think this one idea is kind of neat.