{"id":10533,"date":"2024-04-11T04:05:47","date_gmt":"2024-04-11T04:05:47","guid":{"rendered":"https:\/\/topat10.com\/?p=10533"},"modified":"2024-04-11T04:05:47","modified_gmt":"2024-04-11T04:05:47","slug":"sarcophagus-is-a-dead-mans-switch-for-your-crypto-wallet","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=10533","title":{"rendered":"Sarcophagus Is a Dead Man\u2019s Switch for Your Crypto Wallet"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"paywall\">The system, says Hamilton, is designed to be \u201canti-fragile,\u201d meaning it depends on no party\u2019s good will to achieve its end. Nobody but the originator and recipient have access to the contents of the file, all other parties are financially incentivized to cooperate, and redundancies ensure the payload is always available. \u201cLittle strings of data control our lives,\u201d says Hamilton. Because humans are \u201cgooey\u201d\u2014that is, unreliable and prone to mistakes\u2014the only sensible protection for those strings is cryptography, he adds.<\/p>\n<p class=\"paywall\">There are various other ways, says Hamilton, that Sarcophagus might be applied outside of a crypto setting. A digital dead man\u2019s switch could be used by a whistleblower to release incriminating material or by a dissident or journalist who suspects a threat to their life, as a kind of SOS. In a more mundane context, it could be used to pass account credentials from one generation of employees to the next.<\/p>\n<figure class=\"AssetEmbedWrapper-eVDQiB byBkf asset-embed\">\n<div class=\"AssetEmbedAssetContainer-eJxoAx dBHGoQ asset-embed__asset-container\"><span class=\"SpanWrapper-umhxW kGxnNB responsive-asset AssetEmbedResponsiveAsset-cXBNxi eCxVQK asset-embed__responsive-asset\"><picture class=\"ResponsiveImagePicture-cWuUZO dUOtEa AssetEmbedResponsiveAsset-cXBNxi eCxVQK asset-embed__responsive-asset responsive-image\"><noscript><img decoding=\"async\" alt=\"Illustration of hand polishing a clay tablet with crypto logos engraved\" class=\"ResponsiveImageContainer-eybHBd fptoWY responsive-image__image lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_1600%2Cc_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg\" data-sizes=\"auto\" data-srcset=\"https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_120,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 120w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_240,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 240w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_320,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 320w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_640,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 640w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_960,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 960w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_1280,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 1280w, https:\/\/media.wired.com\/photos\/66056fc5907f0cd71f035ff0\/master\/w_1600,c_limit\/WIRED-05.24-STSarcophagus-Alberto-Miranda-2.jpg 1600w\" sizes=\"100vw\"\/><\/noscript><\/picture><\/span><\/div>\n<p><span class=\"BaseWrap-sc-gjQpdd BaseText-ewhhUZ CaptionCredit-ejegDm iUEiRd jTWYmb fNaHcW caption__credit\">ILLUSTRATION: ALBERTO MIRANDA<\/span><\/p>\n<\/figure>\n<p class=\"paywall\">Sarcophagus has received $6 million in funding to date from investors including Placeholder, Blockchange, and Hinge Capital. The project is managed by a decentralized autonomous organization, or DAO\u2014a collective that governs the Sarcophagus treasury and development process through a system of community voting. In its present state, Sarcophagus is best described as an \u201cearly beta,\u201d says Hamilton. The service is operational but not widely used, and it does not generate significant revenue\u2014only a small cut of every payment.<\/p>\n<p class=\"paywall\">One barrier to broader adoption is that recipients must already have access to a crypto wallet, whose credentials are used to decrypt the data payload. There is an option to create a new wallet for someone, along with a PDF walking them through the process for accessing it, but a level of crypto literacy would certainly help.<\/p>\n<p class=\"paywall\">As the generation of people comfortable with crypto grows older and begins to reckon more seriously with their mortality, Hamilton thinks a larger subset will begin to understand the need for a service like Sarcophagus. \u201cMillennials are just starting to think about this problem,\u201d he says. Hamilton imagines that more accessible services will be built atop Sarcophagus technology, too. These \u201cboomer products,\u201d as Hamilton calls them, one of which his own team is developing, will abstract away some of the technical complexity, such that people won\u2019t realize they are using crypto infrastructure. (Although there is an inevitable trade-off between security and convenience.)<\/p>\n<p class=\"paywall\">In any case, says Hamilton, the present system\u2014whereby credentials to high-value crypto wallets might be stored in bank vaults protected by armed guards\u2014approaches the absurd. The \u201cbillion-dollar file cabinet\u201d has to go, says Hamilton. \u201cWe are still relying on heavy metal doors and guys with guns when cryptography itself can act as a steel wall of incredible thickness.\u201d<\/p>\n<p class=\"paywall\"><em>This article originally appeared in the May\/June 2024 issue of WIRED UK.<\/em><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The system, says Hamilton, is designed to be \u201canti-fragile,\u201d meaning it depends on no party\u2019s good will to achieve its end. Nobody but the originator and recipient have access to the contents of the file, all other parties are financially incentivized to cooperate, and redundancies ensure the payload is always available. \u201cLittle strings of data [&hellip;]<\/p>\n","protected":false},"author":272,"featured_media":10534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[703],"tags":[1216,1217,1296,1731,946],"class_list":["post-10533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-bitcoin","tag-blockchain","tag-cryptocurrency","tag-death","tag-encryption"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sarcophagus Is a Dead Man\u2019s Switch for Your Crypto Wallet | Unlock Informed Choices 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Khalili","author_link":"https:\/\/topat10.com\/?author=272"},"uagb_comment_info":0,"uagb_excerpt":"The system, says Hamilton, is designed to be \u201canti-fragile,\u201d meaning it depends on no party\u2019s good will to achieve its end. Nobody but the originator and recipient have access to the contents of the file, all other parties are financially incentivized to cooperate, and redundancies ensure the payload is always available. \u201cLittle strings of data&hellip;","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/10533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/272"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10533"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/10533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/10534"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}