What does state owned mean? Is it run like a centralized bank or is it just the ... | Hacker News

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		imtringued on Dec 26, 2021 \| parent \| context \| favorite \| on: 100s of El Salvadorans Report Bitcoins Disappearin... What does state owned mean? Is it run like a centralized bank or is it just the official "lightning wallet"? The article is confusing because it mentions missing funds but not whether there are any transactions by hackers or scammers.

kranke155 on Dec 26, 2021 [–]

Chivo Wallet is non custodial. It is managed by the government somehow. It’s pure evil what they did there. Afaik a government official could take it all.

topranks on Dec 26, 2021 | [–]

It’s very much “custodial”.

Non-custodial would mean you held your own keys etc.

kranke155 on Dec 28, 2021 | | [–]

Oh sorry yes you’re right it’s the other way around.

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