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Very cool I really like the idea of social recovery and I think its one that needs to be explored more especially in 3rd world countries, because its an established way of using money here.
Many people trust one family member, to have a bank account and they handle the funds, or if you're a bigger savings group it could be a community leader, and local banks even cater to it you get a special account called a stokvel for group savings
Seeing stuff like this really excites me about the possibilities for bitcoin to go into markets that have so long been underserviced and unlock that savings, labour, ideas and potential