IIUC, this makes the security situation for every user far worse:
Now their ability to survive the RC failure is conditional on each dapp or “chain” choosing to offer them an escape hatch (and later, life rafts). I’ve outlined why relay chains, para chains and dapps are inclined to try coral users:
Cautionary Note: The ideas canvased here reflect a point of view, and end state, that has authoritatively been described as “fundamentally mistaken” To understand the effect and importance of reciprocal account creation between Relay Chains consider the following, where you substitute “Entity X”, first with “Big Bank X” and then with “Big Chain X”. A user satisfies the account opening requirements (KYC or wallet etc) for Entity A (a dominant incumbent). Upon opening their account the user wa…
I’m not saying this does not have costly tradeoffs.
I am making sure those tradeoffs are explicitly acknowledged.