this post was submitted on 09 Aug 2023
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Read all about it at the above link. There's way too much to process here. This is going to be wild.

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[–] cley_faye@lemmy.world 3 points 1 year ago

So they have access to your crypto keys right? Not necessarily, no. I won't even bother reading the stuff, but it is perfectly possible to have systems where user's cryptographic keys are kept under the sole control of the user, being using client-only known secrets for encryption, wallet-like software, or even more basically keeping the key only in local storage and telling the user the seed so he can "recover" it if the local storage gets wiped/lost.

Bottom point is, it is very possible to do so, and it can be done in a safe-enough manner for most people without much hassle. Of course, that's theoretical; weither or not corporations care about actual privacy, control, and are willing to work toward these is another matter entirely. But the technology have been there for years.