Yes, it’s a misnomer if you’re being lenient and outright deception if you really think about it. There should be another term for it, but I’m not sure what that would even be. Maybe “self-service custody” is a better way to say it. I’m not even saying that Spark as a technology doesn’t work, or there isn’t a use case for it. But pretending it’s the same thing as true self custody just because your app has a seed phrase is a dangerous illusion that I think hurts us all in the long run.

Learn faster. Only way. It’s still self custody but transparent. Next step: own node