A place for talking about the Ethereum Virtual Machine on Farcaster.

Convince me I’m wrong: not a ton of incentive to be first to AA wallets given security risk / lack of Lindyness.

What’s the security and lindy issues you have in mind?

A private key is the worst security model, and allowing users to change implementations/fallback handlers lets you adapt to whatever becomes the standard

Security at Optimism. Formerly built Umbra and more at ScopeLift

I'm eth newbie..just learning
(working on @farcaster)

terminally.online

That’s true, though if you start with a proven base like safe or argent a lot gets mitigated

And to be fair I didn’t interpret “AA wallets” to mean 4337-like, but as general contract wallets which can be much simpler. I’m not super familiar with 4337 so perhaps it’s too complex to support my stance here

I participated in a c4 contest for one AA wallet and came away pretty spooked about the security surface area: it found deploy frontrunning, destroyable impls, gas refund exploits, several signature replays and bypasses. The core spec is simple, but there's a lot that can go wrong in the implementation and periphery.

That makes sense, I think a lot here depends how you define “AA wallet”. AA gets thrown around a lot these days so I just take it to mean “contract wallet” now, since 4337 isn’t actually AA, more of a meta-tx standard (contracts can’t initiate txs)

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

That makes sense, I think a lot here depends how you define “AA wallet”. AA gets thrown around a lot these days so I just take it to mean “contract wallet” now, since 4337 isn’t actually AA, more of a meta-tx standard (contracts can’t initiate txs)

https://warpcast.com/msolomon.eth/0x1b19aa

I think @dwr.eth's statement is true for larger projects. 

Don't know if contracts are audited well, bundlers work in practice etc. Better to let smaller projects try out, run into errors and improve before jumping onboard. 

The pareto optimial time to jump on new tech shifts based on your risk tolerance