alt Hacker News^ this is a common security misconception in crypto. "We're using an HSM, they can't steal our private key." OK genius now you still have to secure the HSM.
There's no shortcut to MPC/multisig with 3+ keyholders.
Replies
WatchDog • today at 6:09 AM
> you still have to secure the HSM
Obviously.
> There's no shortcut to MPC/multisig with 3+ keyholders.
The whole concept of a stablecoin seems to be based on centralised trust. Ultimately there is some org that has the fiat bank account, that mints and redeems the coins.
➕ show 1 reply
It's still significantly better, since access can be revoked, vs a leaked key where you're permanently fucked