Proposal:
Reclaiming lost land/names/wearables/mana/etc from lost private keys.
As the userbase for decentraland grows we will encounter a lot of lost keys…
My suggestion is to allow any address that has interacted with your wallet before the time of purchase to be able to sign a tx to send items to a new address.
How it would work:
- Say a friend/CEX has sent you some mana/eth before…
- You can contact them, saying you lost your land and ask them to sign a tx with your new eth address…
- 90 day grace period… Where if the user signs in then the tx is void… Also gives the DAO time to dispute any suspicious activity (Like kick token trying to do a heist)…
- User pays the transfer fee to send the items from the old wallet to new…
Motivation: I really want to simplify the process of reclaiming lost game items, instead of minting mana and hiring a team of investigators… I think my suggestion will solve 95%+ of future problems…
Background:
Imagine that you lose your account right now…
Check your internal transactions on etherscan (before you received an ERC721) and ask yourself how much do you trust them… You might see a few CEXs that you have done KYC with… You might see your friends accounts…
Not often do you receive free crypto from someone you don’t trust…
Use cases:
I believe that my suggestion really does a decent job of solving most lost account problems with the maximum amount of privacy…
This proposal is basically an automated version of what a DAO investigator team would be doing…
Want more security? Then you can send all your items to yourself and have 2 backups!
Potential problems:
- ‘I also lost access the keys that funded the account’ - Go to the DAO with an ETH address that funded that one…
- CEXs might not play ball… Shame on them…
- People selling their ERC721s OTC… Will require an additional amount of trust unless you don’t…
All suggestions welcome!