Quote from: suchmoon on Today at 12:33:00 PM

Quote from: Quickseller on Today at 12:04:48 PM

The second paragraph in the "overview" section starts talking about the "SE" but this term is never defined. It is unclear what this is.

https://mercurywallet.com/#faq

Quote

A statecoin is a specific amount of Bitcoin that has been deposited to an address where the corresponding private key is split between the depositor and the Mercury server (or 'statechain entity') and the depositor holds a time-locked 'backup transaction' that allows them to claim full control of the coin after a specified locktime. The full private key of the statecoin is never known by any party, and both the owner and the statechain entity must cooperate to sign a transaction.

Thanks. The documentation at https://docs.mercurywallet.com/docs/ should be updated with their clarification.

I think the other issues are probably more important to be addressed before anyone should consider trusting their money with this type of service.