Comment: Re:Security (Score 1) 114
It'd be more interesting to send parts of the password to different people. So for example 3 people out of a group of 7 would have to join their parts to get the whole password. Redundancies are there in case some of the people fall off the face of the planet. Ideally you'd find 7 people where no three of them would join up to conspire against you -- that is admittedly very hard.
I'm sure there's a mathematical function to split up a piece of information so that 3 out of 7 pieces is enough to restore it. How to do it is an exercise left for the reader.