437 sats \ 13 replies \ @Zepasta 2 Dec 2023 \ on: Is Self-Custody Truly Suitable for Everyone? bitcoin
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Really? How about Your Mother? or when she turns 90? Really, no excuse...? You might want to reconsider your statement.
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Old people will not use Bitcoin. Period. Stop asking that stupid question "what about grandma".
FUCK GRANDMA, she's already about to die.
Think about the young, they are the future not grandmas.
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haha the club swings
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12 words and a passphrase.
No excuse.
If my mom can't do that on her own, i will do everything i can to help her do that.
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Not everyone has a trusted bitcoin advisor in their social circle.
In the past couple years I've known 2 older people to loose a significant amount of money via scams. These people were both older men, formerly very, very sharp, who were not quite sharp as previously, as they aged. They can no longer deal with remote controls and smartphones very easily, either. The idea that they could self-custody their bitcoin is a non-starter.
I definitely do not think that self-custody is suitable for everyone. However, that doesn't mean I think their btc should be held on exchanges. Just that I'm hoping for other options to come soon. Like better tools, time-lock, easy-to-use multi sig, etc. Or maybe these tools are already out there.
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I would agree. There is a room for custodial services that is done right. What that actually means I'm not sure. But I see big names like Fidelity (on purpose said LIKE Fidelity, not necessarily them), which can be sued and held responsible, to be useful in situations like that. Also, let's say you got lucky and accumulated over 150 BTC, you will not keep that in one wallet I hope, one should spread that around which means multiple wallets and multisig, etc. That sounds like a business to me. Just saying...
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I've actually heard of people who can't remember a 4 or 6 digit pin code for their bank card :p
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I know someone who has her wife spell out passwords and pins out loud, anywhere, anytime, even at restaurants, in public spaces and wherever.
If someone wait a bit he could just swipe his phone after her heard his banking app password and steal everything.
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Haha. Sounds like a human NFC security bug.
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Lucky for him it's not a bug, it's not fixable... 🙃
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I think fixing bugs in regards to NFC and security could be the same level maybe? :p
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Could be. 😎
If they fail just stick a "WONTFIX" and they're done.
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