Technically you would still hold the key as a user, stored somewhere safe. You just wouldn't use it daily, as all your signing would be done by these providers in the cloud. So if they disappear you can get your key from storage and use it to create more shards. You could also distribute shards to multiple providers, like 5, and make the signature be possible with just 3 out of the 5, and so on.

I don't know about the incentives, it would be almost free for these providers to support a new user, so I'm not sure payments will be needed. I mean, Blockstream has been providing co-signing services for Green wallet users for years at zero cost, for example.

Reply to this note

Please Login to reply.

Discussion

I would say we need to hurry because the bankers are starting to get their money back…..

The Trusts are not funds registered under the Investment Company Act of 1940 as amended (“1940 Act”) and are not subject to regulation under the 1940 act, unlike most exchange-traded products or ETFs. An investment in the Trusts is subject to a high degree of risk and heightened volatility. Digital assets are not suitable for an investor that cannot afford the loss of the entire investment.

And there will be losses

> Technically you would still hold the key as a user,

Good, so we align on my last sentence "paired with a real good UI to enforce the user to keep a backup".

That makes sense.