3 of 3
Becomes
2 of 3
1 of 3
Overtime.
Meaning if you lose two keys in a traditional 2 of 3 multisig you’re fucked, but in a decaying multisig you can still recover if you have 1 key left.
Having a compromised key sounds quite scary in this situation.
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How so?
If you've lost 2 keys, one or two of them could be compromised.
If a person has 2 keys, they can unlock the coins before you.
And if they have 1, it becomes a race against the clock to be the first to move the coins.
