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0 pointsnatrius11y ago0 comments

"You pick eight entities; they may be your friends, your employer, some corporation, nonprofit or even in the future a government, and if anything goes wrong a combination of five of them can recover your key. This concept of social multi-signature backup is perhaps one of the most powerful mechanisms to use in any kind of decentralized system design, and provides a very high amount of security very cheaply and without relying on centralized trust."

https://blog.ethereum.org/2015/04/13/visions-part-1-the-valu...

If you're not paying attention to Ethereum, you're missing out on the biggest story in technology ever. They're building systems that combine cryptographic identities and a global tamper-proof execution environment to bring the costs of interacting with any stranger on the planet to nearly zero. Every large organization on the planet (i.e. companies and governments) formed as a reaction to today's levels of transaction costs. Eliminating those transaction costs will reshape our society in ways that increase liberty and wealth. You can build the software that helps make that happen. My email's in my profile for anyone who wants help getting started or learning more.

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SixSigma11y ago

I don't have 8 entities I can rely on to be contactable.

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