Add nostr support to read/write to relays in wallets such as Cake, Feather, Monerujo, GUI, etc
Signup:
- Wallet generates nostr npub and nsec (and stresses hard to the user to keep it safe since it is the most valuable piece of information they will ever own)
- Wallet generates a polyseed
- Wallet encrypts seed and publishes it to say 10 nostr relays
Login:
- User enters nsec or uses an auth app such as Amber
- Wallet reads all notes to get the encrypted seed
- Once found the wallet discards all notes that are not encrypted seeds
- If only one encrypted seed is found, it is used. Otherwise, a list is shown to the user and they can choose which one to use.
- Syncs wallet and use as we do today
I see three existential cons with this.
- Loss or theft (possibly by physical force)
- The encryption algorithm turns out to be flawed.
- Quantum computers break encryption.
This also would have privacy implications since if other applications start using it that could basically turn your npub into a public digital ID (ala worldcoin/social credit score). Sure, each application may use encrypted data, but somebody would still know that you use a ride-sharing application, or a Monero wallet, etc. And what times you use them at (at least for interactive apps such as rideshare/websites).
I don’t think wallets need any kind of external service logins. And I generally dislike nostr, e.g. how relays work. I don’t think nostr relays can be reliable place for wallet backups.
But a separate nostr app with an integrated monero wallet and features could have some sense.
Jave a look at Garnet
Garnet