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✳️ dcposch on daimo pfp
✳️ dcposch on daimo
Agree, but important context: this is for *server-side enclaves* like SGX. If a wallet service can recover your wallet for you with just web2 auth, that is 100% custodial, no matter how their servers are configured. The Secure Enclave in your phone is self-custody. Your phone, your keys, your coins!
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i think this is misleading. if they're storing an encrypted copy and can't decrypt on their own then it's not custody. this applies both logically and legally. there was a court case in california years ago that ruled this way too.
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