Post by Eluc
Not today, little do-gooder hobbit!
Use timelocked recovery keys for your coins and prevent destructive halflings from ruining your day.
I have seen an idea for another time locked recovery path concept that doesn't require renewal. The idea was to share presigned transaction, to use a recovrey you broadcast the transaction, which will trigger an on-chain even that start the time lock count-down. X blcoks after the first recovery tra
... show moreWe worked on a vault system managing watchtowers and cosigning servers before Liana: github.com/revault
The presigned timelock tx was called a unvault tx and the watchtowers were able to cancel (send funds back to the vault) during the time of the locktime according to specific spend policies.
Amazing, I will study that. Why was the solution from Liana prefered in the end?
We had poor demand for it (complexity of self hosting services for users) and we had a chicken and egg problem with hardware wallets manufacturers who did not want to implement miniscript without users asking for it. Also presigned txs are a pain in case of mempool fluctuation and most of the core i
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