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✳️ dcposch on daimo
@dcposch.eth
What counts as self-custody? I've seen orgs ship what's effectively a 2-of-3 multisig or MPC where they keep 2 of the 3 shares. While arguing that this is still noncustodial for legal purposes! This allows nice UX like phone or email recovery. No judgement, just curiosity: does that work?
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eggman 🔵
@eggman.eth
Honestly, I'd say it's non-custodial if you only have 1 of 3 keys. Your balance can essentially be zero'd or frozen at any given time. I think the larger part of the argument comes to loss prevention/recovery. If the single user can approve a drainer, can they argue the "noncustodial" side should've prevented that?
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