First, this reminds us that “Not your keys, not your coins” is not an exclusively security rule. It’s rather primarily a sovereignty principle.
Security is relative. It depends on the individual, their setup, and their ability to manage risk.
Even without the issue that reportedly made some seed phrases predictable, they’re still fragile by design. You don’t want someone else getting access to them. You don’t want to lose them without having a backup. And you certainly don’t want an attacker to obtain them.
This is why Vitalik Buterin has argued for more programmable wallets.
Features like social recovery, where trusted contacts can help recover access, or daily spending limits, which prevent an attacker from draining an entire wallet in a single transaction, are examples of improvements that could make self-custody much more resilient.
There are many other proposals it, and I hope this episode will accelerate the conversations.
Security is relative. It depends on the individual, their setup, and their ability to manage risk.
Even without the issue that reportedly made some seed phrases predictable, they’re still fragile by design. You don’t want someone else getting access to them. You don’t want to lose them without having a backup. And you certainly don’t want an attacker to obtain them.
This is why Vitalik Buterin has argued for more programmable wallets.
Features like social recovery, where trusted contacts can help recover access, or daily spending limits, which prevent an attacker from draining an entire wallet in a single transaction, are examples of improvements that could make self-custody much more resilient.
There are many other proposals it, and I hope this episode will accelerate the conversations.