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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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grin
@grin
Every time I hear privy call itself noncustodial it makes me wince And I think privy is great. just lets be honest, y’know
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✳️ dcposch on daimo
@dcposch.eth
Coinbase MPC also works similarly. I respect the UX tradeoff & giving users both custodial & noncustodial options. Mostly I want to understand how it works with MTL/MSB law.
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