Differences

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--- ethereum_social_custody [2023-03-18 12:58] – created nik
+++ ethereum_social_custody [2023-03-18 12:58] – nik
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 What do we want out of guardians?
-    Minimize the chance that they lose their keys
+  * Minimize the chance that they lose their keys
+  * Minimize the chance that they collude to steal your money, or get coerced into doing so
-    Minimize the chance that they collude to steal your money, or get coerced into doing so
+  * To the extent that the above two risks are unavoidable, the risk of each guardian should be maximally uncorrelated - you want to minimize commonalities that risk situations that will disable or compromise too many of your guardians at the same time.
-    To the extent that the above two risks are unavoidable, the risk of each guardian should be maximally uncorrelated - you want to minimize commonalities that risk situations that will disable or compromise too many of your guardians at the same time.
 This answer is simple and short, but it guides all of the choices that I make with regard to guardians.
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 Also, you want to minimize correlations between your guardians as much as possible: don't choose two guardians who live in the same city (or ideally even the same country), or two guardians who use the same type of wallet, and have a balance between different operating systems.
 Guardians should ask a security question before approving an operation