Minh Do pfp
Minh Do
@minh
I don’t see how we make much headway in decentralized identity if it is still so precarious to lose my wallet or near impossible to regain a lost or stolen wallet. If you can steal the wallet that holds my soulbound NFT, what’s the point of that fancy NFT?
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Mike Elias pfp
Mike Elias
@harmonylion
Gonna need multiple soulbound tokens across multiple wallets — horcruxes
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viksit.eth pfp
viksit.eth
@viksit
imo our fear of holding an asset personally is to blame vs a corporation to own it on our behalf because it is “professional” and “regulated”. that you can always call someone. a secure multi factor auth system can solve this too, same way atms replaced tellers.
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Alex Poon pfp
Alex Poon
@alexpoon.eth
The DID doesn’t have to be tied to your soulbound NFT.
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Karthik Senthil pfp
Karthik Senthil
@karthiksenthil
Smart contract wallets help solve this (look at Argent or Coinbases MPC solution)
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Ed O'Shaughnessy pfp
Ed O'Shaughnessy
@eddieosh
Agreed. Loosely coupled systems are more resilient. Tightly coupled systems often break catastrophically.
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yuga.eth pfp
yuga.eth
@yuga
Multiparty Computation as a Service will solve this.
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haltakov.eth pfp
haltakov.eth
@vlad
This gets better if you are using a multisig wallet. Losing access to one of your private keys is not a big deal in a 2 out of 3 scheme for example. Current multisig implementations are still not practical enough to be useful in all cases, but we'll get there!
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Alex Poon pfp
Alex Poon
@alexpoon.eth
Also worth checking out Lit Protocol's Cloud Wallet with Programmable Key Pairs https://twitter.com/LitProtocol/status/1572981773063131139?s=20&t=nxBYBMT8U1A7oxrsMEvG6w
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Bullers pfp
Bullers
@db
Valid point but just as decentralized identity technology is constantly improving and testing new methods so are the options to support managing seeds. I see DIDs as the optimal solution for your digital twin paired with a choice of services to help store/recover your seed.
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Anu pfp
Anu
@anubhav
I think after EIP-4337, having a cold wallet safe somewhere but still control it via an abstracted account will quickly become a standard and thus solve for this issue for 80% of the cases.
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kevin pfp
kevin
@storj
Social recovery solves a lot of these problems
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