As far as I understand it also with SHAgate as it stands now there will only be 3 keyholders for the whole 21 mio sBCH. True? That's a massive and imho unnecessary counterparty risk.
Why can we not come up with a solution where only those owning the BCH (private keys) on mainchain can lock an equal amount of sBCH while locking up their BCH?
But how to come back from sBCH to BCH? Maybe something like Firo's aka Zcoin's privacy feature. That works something along the lines: You give/lock your coins in a "pot" and are then allowed to take out an equal amount (but different coins) from the pot.
Let's lock up the BCH in a "pot" which allows to unlock sBCH and vice versa.
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