"Apple has implemented state-of-the-art security measures, and a breach in their security would be a rare occurrence with cataclysmic consequences" hmmmm. But I get the feeling my decentralized money just became centralized!
You got the point :) As I'm stating in the Value proposition chapter, the catch is you have to "trust" Apple. Is this the best thing to do? Overall, no. But, may it help spreading the adoption of crypto (in general) and non-custodial wallets (in particular)? Maybe yes :)
I’m calling it “family office” open source app to auto create servers and store just a fraction of your assets on each server, rotate wallets every week. Never trust any one cloud provider with anything more than 1 week and 1 wallet. Transfers are done slowly and all the grownups in the family have to approve. When kids turn 25 they get better access. Saves crypto wealth down the generations.
Interesting idea, but why rotating? If it’s already split wouldn’t it suffice?
Rotating could be bad if one cloud provider is breached you only have to wait a few weeks to have all the puzzle, right?
Rotating because I don't want to trust digital ocean's engineers or vultr's or any one provider with my keys for longer than a week. The idea being the longer they sit there on a server the admin of the provider could break into, the more likely they are to be stolen. But if I'm constantly creating new VMs and only storing my keys on them for a short time, the harder it is to get them. A big game of trust no one, constantly move everything around, and by the time someone does find one of my servers with a key, it's old and useless.
