If my understanding of Spark is correct, then it’s quite risky that many people trust Spark’s claims of security and self-custody. I can accept sacrificing some security for faster transactions and lower fees, but we shouldn’t let users believe it’s completely safe and become complacent.
Discussion
It sounds to me like someone else holds the keys and you’re one of the required multisig keys. But so many questions about the spark ledger and who maintains that.