Oddbean new post about login | logout I know very well what am I talking. But you guys just want to hide this from clueless users. If the user is using by default the mutinywallet.com domain/server, is not too much difference than having a Phoenix or WoS wallet. If that domain goes busted, user cannot use his Mutiny wallet. Will have to do some serious moves to recover that node into his own hands. I just want to raise awareness for clueless users that just open the app and start the node by default in app.mutinywallet.com - that is not a real "self-custody" as you present it.
You're claiming that Phoenix is not self custody either? Look up the definition and learn about what self custody is and what it means for you. You very clearly do not know what you are talking about and should seek education before you go around trying to "raise awareness".
It may be more convenient and therefore more difficult to "do some serious moves to recover that node," but doesn't the ability to make the moves make it technically self-custody? Self-custody doesn't necessarily mean technically simple or easy. Am I misunderstanding your point?
most of those noob users don't even know well how to save a seed and you want them to do complex installations of a node in CLI ? Some of them not even know that you can run your own node...
I don't want them to do shit. I'm just pointing out that I don't see how you go from that issue to Mutiny being a custodian of funds. They are running a communication domain. How does that equate to having control of funds? The node is already running on the user's device, not a Mutiny device. Your claims are inaccurate and you're doubling down instead of admitting it.
So you are one of those that just open the app and run it with default settings pointing to app.mutiniwallet.com... right. And you think you are running your own node. You don't.
As far as I can tell, those servers are just a convenient way for your own node to communicate with the network. It doesn't appear that the user is using on of their nodes. I don't see how that translates to Mutiny having custody. All they seem to be doing is offering a server for convenience. Of course setting up your own server is more complicated, but that doesn't mean you don't custody the funds. What am I missing?
Yes, you control the keys of that node. But only that. If the domain / server where it reside the whole software, goes busted or just shut down, you practically have the funds blocked, until you do a complex recovery. That is not a real "self-custody". Is just partial. Is better to inform well users and do not lie to them with fancy words just to gather more users.
Bro, the node isn't on a server. It's on the user's device.