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https://opensea.io/collection/dev-21
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Stephen Caudill
@mrmemes.eth
The way Turnkey positions their product bugs me. They claim it is "non-custodial", but they have to store your (encrypted) private key on their side so they can later decrypt with Your passkey. If they're down, you have no access to your keys. https://docs.turnkey.com/security/non-custodial-key-mgmt#private-key-storage
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Stephen Caudill
@mrmemes.eth
Regardless of your stance on whether that's technically custodial or not, if their service has to be live for your user's private keys to work, that's a very large single point of failure.
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bryce
@bryce
By non-custodial, we’re referencing that only a user has the unilateral ability to access their private key. For most users, the ease of use and security advantages make the trade off on single point of failure worth it.
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Stephen Caudill
@mrmemes.eth
Definitely an incremental improvement for most users. I've tried out a few demos built on top of your product recently and they're all magical experiences... when I've dug in, I've been confused by how the product describes itself versus what it actually does.
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Stephen Caudill
@mrmemes.eth
When describing deeply technical product offerings, there's a thin line between being approachable and misleading. I don't think this is necessarily specific to Turnkey so much as this is difficult to describe simply. I know long-time non-tech crypto folks who think Turnkey does something different than it does though.
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