With the BIP38 the coin in my opinion would need to have two halos. One for the password and the other for the private key. You would need to have one person apply the private key under one holo and the other do the password under the other Holo and those people are not be next to each other whilst doing or even better...far away
The program would be as such only one person can have access to the opriv key and the other just the password. One is useless without the other
This still doesn't work.The program would be as such only one person can have access to the opriv key and the other just the password. One is useless without the other
Example:
BIP38 encrypted private key: 6PYW6YBemMMAdxWXFmo264SZjtVN5DW5hu2xeXVJyDA8S3v9NRTk1i7G1y
Password: bQ68SmCCNEuRBGx8
You're absolutely right: one is useless without the other. If you puth them under separate holograms, you'll need to peel both to redeem the coin.
But: I made both of them. I know the unencrypted private key is Kxj464nKCGk4qwdDWx1ribWSjttT3e9Y1qzFDYVQYvYJdQ2HyHS7 and there is no way to prevent this. It gives a fake sense of security at best, and it's impossible to avoid.
Not if you have two people doing them separately.
They would both need to try and scam you for it to work...instead of one person. One would not know the others keys or password
But yes still a point of failure