I am somewhat surprised they tout self-ownership, which would work against any fractional reserve scheme that exchanges might try with customer funds. > First,

I am somewhat surprised they tout self-ownership, which would work against any fractional reserve scheme that exchanges might try with customer funds. > First, self-custodial wallets allow customers to store their own crypto in a way where they don't have to trust anyone else. But the "multi-party computation and social recovery" is exactly "having to trust someone else". > First, self-custodial wallets allow customers to store their own crypto in a way where they don't have to trust anyone else. Technology improvements, like multi-party computation and social recovery, will make it easy for anyone to safely store their own crypto without needing to trust third parties. I wonder if their tune would change once centralized exchanges would become influential again.