nope — privy holds 50% of the entropy, secured with SIWF, farcaster holds 50% of the entropy secured with a bespoke SIWF-like signature

recovery happens with two independent authentications — key is only every reconstructed on a users device

https://www.notion.so/farcasterhq/Wallet-Architecture-1a56a6c0c101802fa30ef4

this is really cool and well-done (how farcaster private key is recovered trustlessly)

soldier of Good. 🪖🥰 
producer × DJ. 🎧 🪩 
working on /campfire. 🫴🪵🔥
host of /downshift ⚙️ + /dww 🎧 +  /gtd 🛠️.
https://linktr.ee/0xdownshift

There’s a lot of trust involved! Privy and farcaster can still collude to recover your wallet without you

ghffb47yii2rteeyy10op

we’ll likely offer wallets with no recovery setup soon

for most people trusting Stripe and Merkle to not collude to steal what’s in their wallet for great UX and low chance of permanent loss is a very positive EV bet

but support the philosophical angle of removing as much trust as possible