[JanisErdmanis]

It is quite negligent that they are not using the threshold decryption ceremony, but at the same time, I don't think we should dismiss the framing of human mistake here. Even if there were a threshold decryption ceremony in place, such a failure mode could still happen; here, it simply makes it more visible. The question of how one would select the threshold seems pertinent.

A small threshold reduces privacy, whereas a large threshold makes human error or deliberate sabotage attempts more likely. What is the optimum here? How do we evaluate the risks?

[vayup]

You are absolutely right that it is easy to rule out obviously bad choices, such as 3 of 3. However, determining the actual quorum to use is a qualitative risk analysis exercise.

Considering that this is an election for a professional organization with thousands of members, I am going to go out on a limb and say that it should be easily possible to assemble a group of 5 people that the community/board trusts woudn't largely collude to break their privacy. If I were in the room, I would have advocated for 3 of 5 quorum.

But the lifecycle of the key is only a few months. That limits the availability risk a little bit, so I can be convinced to support a 2 of 3 quorum, if others feel strongly that the incremental privacy risk introduced by 3 of 5 quorum is unacceptable.