As a wallet engineer, I like social recovery because a lost signing key should not necessarily mean losing tokenized ownership. Smart-contract wallets can encode threshold recovery, so guardians might approve a cryptographic change without learning what sits behind it. But that creates an uncomfortable blind spot: should they know which assets are being recovered, and why?
An inheritance may justify context; shared maker-equipment ownership may require confirming the right parties; a compromised phone may call for speed and minimal disclosure. Opaque approval can hide coercion, guardian collusion, or a fraudulent request. Full inventory and explanations, however, turn “self-custody” into a distributed surveillance arrangement and expose private family or business details. The draft ERC-7093 direction includes signed recovery data and mechanisms such as thresholds and delays, but not necessarily an asset inventory. Would you trust privacy-preserving social recovery for valuable tokenized assets, and what minimum safeguards would you require?