pull down to refresh

1476 sats \ 3 replies \ @TonyGiorgio 10 Apr 2023 \ on: Is Muun self custody? bitcoin
Funny coming from nuno considering for many years he ran a custodial lightning integration bundled into their "non-custodial" wallet.
This is disingenuous, even for me who is an anti-muun proponent. If you as a user have 2 of the 2 keys needed to spend the funds, and nobody else has them both, then you have custody of the funds.
The only thing you can do with the backup is to use it on muun
This is false. You can spend funds entirely independent on muun.
Now their lightning side of it is a different story, but "I don't think muun has any part that can be considered non custodial" is a flat out competitor-driven lie.
write
preview
0 sats \ 2 replies \ @guyfawkes OP 10 Apr 2023
But if the second key is on Muun servers, and Muun servers disappear, do you have full custody of your bitcoin?
The ux of Muun is absolutely brilliant, but I find the opaqueness of how the backend runs disconcerting. As a result, I'm using Muun as if it's a custodian wallet.
reply
47 sats \ 1 reply \ @TonyGiorgio 10 Apr 2023
But if the second key is on Muun servers, and Muun servers disappear, do you have full custody of your bitcoin?
It's not solely on muun servers. It's in the PDF that you're supposed to download and back up.
reply
0 sats \ 0 replies \ @guyfawkes OP 11 Apr 2023
Thanks for that. I just visited their recovery tool and it clearly states no collaboaration from Muun is required.
So why are you an anti-muun proponent?
reply