Data privacy on the web. Keeper of the fabric @privy.

Fmr Protocol Labs consensus work. Before that YC S14 🇫🇷🌐🍊

> In automatic recovery, the recovery share is cryptographically protected, and the entropy this depends on is secured by the system architecture

It’s stored on servers Privy controls, right?

If you had a breach, a hacker could drain all autorecovery wallets at once.

That’s custodial in my view.

I respect Privy. Offering a range of custodial and noncustodial options makes sense to me.

It's important to be clear which is which!

If your servers can generate access to user wallets (= the ones with "automatic recovery"), those wallets are custodial.

I respect Privy. Offering a range of custodial and noncustodial options makes sense to me.

It's important to be clear which is which!

If your servers can generate access to user wallets (= the ones with "automatic recovery"), those wallets are custodial.

https://warpcast.com/dcposch.eth/0xdc1f1df4

Real World Ethereum 🌎 
building /daimo ✳️ 

This is why we wrote the piece today (to provide clarity) and continue to push on the tradeoff space (w cloud and passkey recovery).

There are security tradeoffs across these methods (and it’s why we offer different and are pushing here) but in all cases architected so Privy cannot access.

That said, long way to go. We’ll keep pushing!