418 sats \ 5 replies \ @ek 16 May 2023 \ on: Seed Phrases are Sharp Edges bitcoin
I didn't get what they are doing differently now. I understood they are offering multisig solutions. But don't they consist of seed phrases, too?
Most (all?) hardware wallets today have customers write down the seed phrase and re-enter it as part of onboarding. This in an unusual experience for most people. It is time-consuming. And of course then customers have to understand and appreciate how sensitive this material is that they've just written down and devise a plan both to never lose it and never let anyone else see it even for just a few seconds (a quick picture away from losing all your money).
Imagine instead an onboarding experience that takes a minute and doesn't involve any of this?
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Casa also recommends seedless setup for their customers https://blog.keys.casa/seedless-security-model/
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With the huge ledger backlash going on right now....like I don't know maybe because you're doing this from the start its different but (and also its only one of 3 keys and not a split of 1 key)
Did you look at the Liana wallet? Anything inspiring from that design you think might be useful for what Spiral is trying to accomplish?
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"Wallet is made up of three parts - a mobile “App”, a specialized “Hardware” device, and our backend “Server” - with each controlling one of 3 keys" using a 2 of 3 multi-sig. You know some people do this with unchained capital so they're sort of making that model streamlined.
I don't really like it myself. I mean just take the marketing from Liana wallet: https://twitter.com/raw_avocado/status/1658099154571218949
Gives the user all the power to make all the decisions they want.
I don't know sometimes with these companies I'm reminded of Maralyn Manson.
"Some of them wan to abuse you, some of them want to be abused"
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I suspected they just aren't exposing them as part of the UX. They can't prevent an encoding from existing, but they can prevent users from knowing it exists.
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