Bitcoin Q&A: Key management and inheritance planning



How does the average person solve the “$5 wrench problem” / prevent rubber-hose cryptanalysis? What is the easiest way to do a multi-signature or multi-factor set-up? Could timelocks and smart contract solutions be used for inheritance issues? The technology and educational resources around key management need to mature first. There needs to be a pragmatic balance between legal and technical plans, with human-based processes and controls. Take an entrepreneurial perspective and you will help overcome the barriers to adoption! You can find out more about Third Key Solutions here: The XKCD comic I referenced: