Bitcoin has been developed from single signature wallet to
multisign wallet that is a great development to make it more secure.
Recently an accident
My Cold Keys Just Got Swiped! All Halving Sets!!Collectibles are one of things and industries can use Bitcoin for their products. It is one of adoptions for Bitcoin.
Currently, Bitcoin technology is not able to prevent such scam happens. I have an idea.
In smart contract projects like Ethereum, Binance Smart Chain, we can set up multisign wallets and later can change co-signers. Of course, to revoke one of current cosigners, it must be done with enough current cosigners. After that, a new cosigner can be added for that wallet.
Can Bitcoin developers code something like that?
It can be useful for collectible industry and for inheritance too
Using Locktime for inheritance planning, backups or giftsLike initially, there are 2 cosigners for a collectible. After a buyer buy it, he can change the multisign wallet to 3 cosigners with 2 new cosigners he created by himself and a transaction only can be made if 3/3 cosigners sign it, with one is from 1/2 initial cosigners set up by Collectible company.
This way, the initial private keys in items still have their values that can help to maintain whole value of the item but the company launched those items can not scam.
Is it possible technically?
It is my raw idea that maybe a shower thought but we can deeply think about it and discuss