What is social recovery in crypto? (woj.eth, founder of Mazury)

14 Oct 2022 · 6 min
5:31

In this interview, Woj (woj.eth), founder of Mazury, explains the idea of social recovery for crypto wallets. Instead of a single seed phrase, a user designates a set of trusted contacts—friends, family, colleagues, or community institutions—as guardians. If the user loses access to their wallet, a threshold (e.g., 5‑of‑7) of these guardians can attest to the user’s identity and reconstruct the seed phrase. The discussion covers the intended user‑experience (selecting guardians from phone contacts, keeping guardians unaware of each other), the game‑theoretic rationale that most guardians would not collude to steal identity, and the risks of coercion or collusion. It also contrasts the trustless nature of blockchain transactions with the need to re‑introduce social trust for identity recovery, arguing that decentralized communities could replace centralized identity providers. Finally, the speakers acknowledge that social recovery is still in a research phase, with many open questions about security, usability, and real‑world adoption.

Chapters

More from Michelangelo

2:29:06
youtube.com

9. Shravan Nageswaran, Atman Labs

1y ago
2:28
youtube.com

The Death of Social Media

3y ago
1:58
youtube.com

Will WhatsApp take over the USA? w/Sasha Kaletsky

3y ago
3:04
youtube.com

Co-Founding Creator Ventures with Casper Lee w/Sasha Kaletsky

3y ago
2:06
youtube.com

What Went Wrong with Threads? w/Sasha Kaletsky

3y ago
1:21:17
youtube.com

8. Sasha Kaletsky, Creator Ventures

3y ago
0:57
youtube.com

Déjà Vu: Corporations, Memories and Bitcoin

3y ago
1:59
youtube.com

Did Ready Player One Predict the Future? w/Rashid Mansoor

3y ago
1:46
youtube.com

Is The Intuitive Solution The Best Solution? w/ Rashid Mansoor

3y ago
0:52
youtube.com

David Graber's anarchist experiment

3y ago
3:19
youtube.com

What Would a 3D Internet Look like?

3y ago
See all content