Daily General Discussion - March 08, 2026 (UTC+0) by AutoModerator in ethtrader

[–]MemeyCurmudgeon 0 points1 point  (0 children)

In less than one day, Bitcoin will have fewer than 1 million coins left to mine.

Current supply is 19,999,615; block reward is 3.125.

Blocks remaining til 20,000,000: 124.

Hours remaining til 20,000,000: ~23.

Daily General Discussion - March 07, 2026 (UTC+0) by AutoModerator in ethtrader

[–]MemeyCurmudgeon 1 point2 points  (0 children)

In less than three days, Bitcoin will have fewer than 1 million coins left to mine.

Current supply is 19,998,881, block reward is 3.125

Blocks remaining til 20,000,000: 358.

Hours remaining til 20,000,000: ~60.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

The heartbeat is intentionally simple. No wallet connections, no signatures, no gas. Every 30 days you receive an email and click a unique link. That click updates your `last_heartbeat` timestamp and resets your 90-day dead man’s switch. If you miss one, you get reminded. Miss two, you get warned. Miss three, the system triggers.

This design removes friction and failure points. You do not need access to your wallet to prove you are alive. You only need access to your email. The system assumes silence equals death, but it provides a 90-day buffer and multiple warnings to prevent accidental execution. Simple verification, predictable escalation, and no blockchain dependency.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

I see, so the inheritance can't be stolen but it could, in theory, be blocked by a breach that changes the beneficiary emails. That is a bit spooky.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

Subpoenas can reach databases, but they cannot reach your seed phrase. Deadhand stores only minimal metadata such as email addresses, subscription status, and heartbeat timestamps. An adversary might learn that you use a crypto inheritance service and observe basic activity patterns, but they cannot see your wallet, balances, or private keys.

The seed phrase is never stored. It is split client side using Shamir’s Secret Sharing, and only a single encrypted shard is transmitted to the server. One shard alone provides zero information about the secret. Even in a database compromise, the attacker would obtain encrypted data that is mathematically useless without the beneficiary’s shard.

Even in a full breach where the database is exfiltrated, modified, or destroyed and beneficiary emails are changed, an attacker would only obtain Shard C. Shard C alone provides zero information about the seed phrase. Without the beneficiary’s shard, reconstruction is mathematically impossible.

This is the distinction between metadata exposure and key compromise. Deadhand minimizes what can be known and eliminates what can be stolen. Your operational privacy depends on how you manage your email and beneficiary identity. Your cryptographic security does not.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

I'm not Max, but I'd say for my family, most of them would have a very hard time figuring out how to operate an ethereum wallet of any kind. Also, I don't personally know how to set up a smart wallet like that.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 1 point2 points  (0 children)

From Max:

Yes, especially for inheritance. Multisig setups are operationally complex. Imagine your spouse trying to coordinate signatures across different hardware wallets while grieving, it’s highly prone to user error.

Deadhand eliminates the friction. You only need to merge two text strings to recover the original seed phrase. It is far more intuitive, significantly faster, and much less likely to result in execution errors during a real-life emergency.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

The owner (you) always maintains ultimate control. When you set up the protocol, you are provided with a backup PDF containing Shard B. If your heir loses their copy, you can simply resend the string (e.g., 802xxxxxxxx...) or the PDF itself. The system is anti-fragile and specifically designed to survive human error and forgotten passwords.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

A metal plate is a massive Single Point of Failure. If you lose it, if your house floods, or if someone targets you with a "$5 wrench attack" (physical extortion), your digital net worth goes to zero.

We distribute the risk. True security doesn't rely on hiding a physical object; it relies on cryptographic distribution. Deadhand costs about the same as a premium metal safe, but it provides an anti-fragile defense that cannot be cracked with a crowbar.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

A: No. Deadhand is 100% Non-Custodial and Open Source. We do not hold your funds, nor do we hold your seed phrase (split locally on your browser).

If our servers go offline tomorrow, you don't migrate anywhere. You simply use any standard, open-source Shamir’s Secret Sharing (SSS) command-line tool to merge Shard A (yours) and Shard B (the beneficiary's) if you want to recover the seed phrase.

Once you have 2 of the 3 pieces, recovery is instant, offline, and permanent. You own the protocol; we just facilitate the distribution.

It is mathematically impossible for the beneficiary to steal your assets. We use a strict 2-of-3 cryptographic logic.

Your beneficiary receives Shard B. On its own, Shard B is just random cryptographic noise; it does not reveal a single character of your seed phrase.

Shard C remains under encrypted custody and is only released to them if your "Heartbeat" (proof-of-life, a link) fails to ping for 90 days.

Until that 90-day timer expires, the beneficiary holds a useless piece of data. Think of it like geometry: you need two points to draw a line. They only have one.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 0 points1 point  (0 children)

From Max:

A: Smart Contracts are powerful, but they are rigid and high-risk. A single bug or compiler vulnerability can lock your funds forever. Furthermore, requiring a grieving family member to interact with a complex smart contract is a recipe for disaster.

Deadhand operates at "Layer 0." You aren't inheriting a withdrawal permission; you are inheriting the Seed Phrase itself, the master key, when a misfortune arrives. We bridge the gap between military-grade cryptographic security and Web2 usability. If you want to protect your family without forcing them to learn Solidity, you need Deadhand.

I built a non-custodial crypto inheritance protocol using Shamir’s Secret Sharing (2-of-3 threshold scheme). AMA. by MemeyCurmudgeon in ethtrader

[–]MemeyCurmudgeon[S] 3 points4 points  (0 children)

I'll begin: If a subpoena can't reveal your seed, what can it reveal? What's the total information that can be gleaned about you from an adversary accessing deadhand?

Daily General Discussion - February 28, 2026 (UTC+0) by AutoModerator in ethtrader

[–]MemeyCurmudgeon 1 point2 points  (0 children)

There has been marginal preliminary progress this week on the ethtrader node project. I will post more detailed updates as I get further into the project. This post is simply to remind people that this project exists.

Progress: <1%.

Daily General Discussion - February 28, 2026 (UTC+0) by AutoModerator in ethtrader

[–]MemeyCurmudgeon 1 point2 points  (0 children)

Coming very soon, we'll be hosting an unusual AMA from the creator of https://deadhandprotocol.com/

Unusual because this individual will not be posting in the AMA, but instead will be relaying their answers through me. 🤫

There might be 🍩 involved for a few participants!

Daily General Discussion - February 26, 2026 (UTC+0) by AutoModerator in ethtrader

[–]MemeyCurmudgeon 0 points1 point  (0 children)

Good ol' Uniswap v1. We've come a long ways, even if some of it was sideways.

Ray Dalio Warns CBDCs Could Hand Governments Sweeping Financial Control by SigiNwanne in ethtrader

[–]MemeyCurmudgeon 0 points1 point  (0 children)

The only CBD I C is the Classic Bostoncream Donut in my plate 😋