I’m currently using monero addresses as the sole authentication method for a custodial service, similar to how mullvad VPN has a single account number to authenticate. My understanding is that these are unique, and impossible to guess. For a custodial service, this makes withdrawing user funds trivial as well.
Can anyone tell me why this is a bad idea?
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I don’t see a reason why it should be a monero address tied to it. Just make it a random string like mullvad does)
Its a good idea.
If the service supports delegated user accounts (some permissions but not full account access), it might not work