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McBain
@mcbain
Feels like a lot of startups are being built on AA and MPC tech assuming that they will be treated as Non-Custodial wallets just like mnemonic wallets Are their any no action letters or guidance that says this is true? If so, awesome If not, lots of companies are squarely in the flow of funds
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Cassie Heart
@cassie
MPC: If all key shards are held by the startup, it's custodial, regardless of what they're saying (and a lot are outright lying). If some key shards, but not all are held by the startup, it's effectively non-custodial provided the authorization and interactions are controlled by the majority shard holder.
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McBain
@mcbain
This makes a lot of sense And I think you’re right and that a lot of people may be partaking in a little “MPC Theatre”
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Cassie Heart
@cassie
MPC is really hard. MPC that's actually decentralized is _really_ hard. I've been working on iterations of Q for six years at this point and didn't even get to the first stage of launch until earlier this year, albeit for the first five it was fully solo and only in spare hours.
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Kyle
@banta
Where do MPC providers like Fireblocks fall for developers using third-party services? (AA and MPC certainly allows for some UX improvements, but there's also some value in building wallet-agnostic products and it seems like many dApps have abandoned that lately)
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