A standard way to not lose control of funds.
Safety
Flexibility
Control - even in the face of errors.
Power
I forgot my password.
Error modes:
I lost my phone.
I told my boy friend my password and now he's an banging my best friend.
Forms of control
0 - have a solid password only you know.
1 - have a backup of that.
2 - have a well know restore procedure.
MultiSig - I may not trust my friends but I trust 7 out of 9 of them.
3 - time lock auto recovery - with advanced notice to suppress.
By Stevie
