Well spoken, that's my perception of it as well. I get what they're trying to go for but an illusion of security for those that think it's too hard to be secure is about as best as you can get with bitkey. And illusions of security is a pretty bad place to be in when shit hits the fan.

It's a cool attempt, maybe something to use like a tapsigner in a quarum, but absolutely not something I would use if it's phoning home and if everyone was using this it would be pretty bad. If it was better than being custodial then maybe but it's a weak argument that it's not custodial when you factor in the entire context of it.

Thank you

Thanks for the summary. Really unfortunate. I bet regular software engineers designed this thing and not hardcore bitcoiners.

Yea thats not a hardware wallet with 2of3 keys compromised

Good article. I'd be interested to see a response from Bitkey on this as I confess I haven't spent too much time researching their product offering. But at a glance, I'm not sure I get how Bitkey's security model differentiates itself from a humble Tapsigner (sans the fingerprint scanner)?

This is such a good community. We are looking out for each other! Thanks for the post.

They'll learn once people start comparing this setup to CBDC & credit card company surveillance and opting for other wallets.

And people will learn once the government starts interfering with their economic freedoms they've taken for granted for so damn long.