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10 sats \ 0 replies \ @standardcrypto 16h \ on: How to Build the Ultimate Bandaid Wallet bitcoin
Nice chart!
except I would say
"delegated custody" instead of "custodial"
"self custody, self infra" instead of "self hosted"
"self custody, delegated infra" instead of "bandaid wallet"
I would also note that a somewhat analogous situation exists for L1 wallets where, eg, electrum spv wallet is "self custody, delegated infra"
You need to trust your infra provider even with something like electrum. IE, they can't fake work in blocks but they can withhold blocks so it seems like a payment never confirms, they can also choose which block to provide if there is a split.
Wonderful feature of bitcoin though is it makes it as safe to delegate infra as possible, from an engineering tradeoff view. IE, never completely as safe as self infra, but pretty much safe enough in most circumstances even when dealing with big transfers worth millions of dollars.