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Re:‘I forgot my PIN’: An epic tale of losing $30,000 in bitcoin by ringaroundthetx on Tuesday October 31, 2017 @07:26PM (#15597600)
2 of 3 multisig would work with the user having two keys, and one key being authorized by 2 factor authentication. When the user loses their non 2 factor key, they just have the 2 factor one and the institution. The institution can authorize the transaction to move their money to a new address with new keys.
Re:‘I forgot my PIN’: An epic tale of losing $30,000 in bitcoin by s17n on Tuesday October 31, 2017 @08:57PM (#15598112)
What I'm saying is that the user probably shouldn't have any keys at all, because they will end up losing their money to a phishing scam or something.