embeddedwallets

1/ Seamless self-custody matters in crypto

The ability for users to control their assets is one of crypto's superpowers, it protects users and devs alike!

Wrote a quick piece on why this matters and how to balance the tradeoffs involved :)

Check it out!

1/ Seamless self-custody matters in crypto

The ability for users to control their assets is one of crypto's superpowers, it protects users and devs alike!

Wrote a quick piece on why this matters and how to balance the tradeoffs involved :)

Check it out!
https://www.privy.io/blog/importance-of-self-custody

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

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

3/ Here are a few questions to help navigate self-custodial tradeoffs for your app:

1️⃣ Who controls the keys?
2️⃣ Are users prompted for signatures?
3️⃣ Can users take their assets out of app?
4️⃣ Is the system resilient to outages?

2/ TL;DR: Self-custody is core to crypto's role as a positive technology, addressing:

🔒 Platform risk: Arbitrary app decisions can't deplatform users

🛡️ Security: Protect assets in event of an app breach

⚖️ Regulatory: Let users transact without becoming their bank

We're building Tori (https://toriwallet.com/) - the simple, non custodial wallet for everyone.

Great question. 

Check out https://www.privy.io/blog/cloud-based-wallet-recovery-launch: breaks down variations on how Privy helps you secure rec shares for your keys. 

In auto recovery share is enc with generated entropy tied to your login. arch rather than cryptographic safeguard. 

Pushing on tradeoffs here.

Real World Ethereum 🌎 
building /daimo ✳️ 

> No one but your user ever has access to their keys

How does that work in the case of @utopialabs ?

They're using Privy. I can log into my account with just SMS auth. That's only possible if the service has my keys.

wait can I plug this convo we had almost TWO years ago on the topic..!!

wait can I plug this convo we had almost TWO years ago on the topic..!!

https://youtu.be/Jn-R-CDfXEs?si=Q3bD4SV4P66ILhu5