Discussion
Suspicious. Just because they cannot access it does not mean it is self custody. It's more like a locker. They may not be able to access the locker but they can still bulldozer it down.
I don't know, to me it seems the author either don't know what they are talking about, or they have a weird model for how they handle keys.
I hope nostr:nprofile1qqsdu74x8vw8aqylv6n8hhxjh4xf22sfe4fwuq0d0ke435ym4ktlssqpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qzxthwden5te0wfjkccte9eeks6t5vehhycm99ehkuegprpmhxue69uhkummnw3ezucm0d9hxvatwvshxzursdn707c nostr:nprofile1qqsrc23txhhfq2yt9m32s7h90864j2cg62hvq4tpkrz8cvhpg5z39vgpzamhxue69uhkummnw3ezuum5w43xy7fwv3jhvtcpr9mhxue69uhhyetvv9ujucnfw3kkzurnw3ezu6t09uq3kamnwvaz7tmwdaehgu3wwd6kgmmrv9excmmn9e3k7mf02qnk6j can clarify
Where can I sell my 2540sats for 840$?
322M$ BTC are they from the future? 🚀
this is the least suspicious in this screenshot 😂
Yes I agree, but as a long time Proton user I know more or less how their system works. My guess is that they store the seed in your account encrypted locally the same way that they encrypt the files locally when you send them to drive. Then you can recover using you account password to download and decrypt the seed.
The weak point is the optional recovery email you might have provided, if they allow to recover the seed from recovery, not sure.
That's definitely not the same trust level and security than Sparrow with a hardware wallet or signer but if it's implemented properly that's a good way to start in Bitcoin for any Proton user.
To me it just sounds like they encrypt the seed with your proton keys and then decrypt it when using their webui.
They probably store the xpub (which is fine, for most people) tho because otherwise I have no idea how their send bitcoin via email functionality works
that's a lot of "sounds like" and "probably"s xD
Oh for sure! I have no insider information whatsoever; i just like what proton does as a company so I give them the benefit of the doubt. Perhaps I shouldn't, but until I'm presented with any information that makes me not trust them I will cautiously trust them, tho you're right that page should be rewritten to be more clear.
They encrypt your seed with your password and decrypt it when you log in. It works the same as the other Proton apps basically.
yeah, but is it stored on device? Is it stored on their servers encrypted? Because in the context of bitcoin, this actually makes ea huge difference. If it's stored on the server, it is NOT self custodial.
what even is a "wallet encryption key"?
It's just very weirdly worded
