Content
@
https://ethereum.org
0 reply
0 recast
0 reaction
✳️ 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?
8 replies
4 recasts
73 reactions
Matt Schoch
@md5
For sure. Typically 2/3 mpc will require the user share, so the provider cannot initiate, only co-sign. Non-custodial means provider does not custody; not necessarily that the user holds the keys.
1 reply
0 recast
0 reaction
✳️ dcposch on daimo
@dcposch.eth
In the cases I'm talking about, they *dont* require the user share. How do I know? Because the user can recover their account with just email or phone auth.
1 reply
0 recast
0 reaction