Well said.
ZBD is the equivalent of wrapped Bitcoin or Grayscale.
nostr:npub1earna05hx6ax38r33h3atmecjzdu547m8suw87w70aw6mlyga4hsqcja5j won't be the only Nostr client to custody keys for users. Even if ZBD plans on allowing users to export their keys at a later date, at some point we will most likely see another Nostr client that won't allow this. They may even clearly state this in their business model. The beauty of Nostr is that it's truly open. That means any client can be built in any shape or fashion that fits their user's needs. The free market will prevail here though, I think. Users will want to try other experiences and advocate for their clients to allow them to do this. And if they don't, those clients may not make it. Freedom and user choice will prevail.
Discussion
The only difference is you can't unwrap them in case of nostr, you are trusting them for forever.
Great point. Was throwing gum at the wall for analogies. Never fuxd with wrapped Btc so didn’t know that.
Forever is a long time. They said exporting is coming.
How do you know they will not keep it in their servers? It's like me saying, send me your key I will delete it later.
That's a great follow up question that I didn't ask them when originally inquiring about NSEC management.
nostr:npub1akngghxzy6d75y8szp6y44u5pxktwy5aj6zh6jl3ncp8d93fj2fq5mfxa8 will you be able to delete your NSEC from ZBD custody once you export it? And will it be purged from backups? Or once ZBD has your NSEC, will it always have a record of your generated NSEC?
This is more than frightening.