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52 sats \ 0 replies \ @gojira9000 29 Feb
No way.
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31 sats \ 6 replies \ @DarthCoin 29 Feb
https://www.zherbert.com/bitkey/
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268 sats \ 4 replies \ @mattcrv OP 29 Feb
Yeah, I remember reading this months ago, and I agree with most of Zach's points.
But it feels unfair to criticize Bitkey for surveilling all of their users' transactions considering that's intrinsic to any collaborative custody solution (even if people use Passport as their main HW).
Also, it's also unfair to say "Bitkey is bad for Bitcoin – it represents an attack on the very idea of a hardware wallet". Bitkey is not perfect and I personally wouldn't feel comfortable using it as my main wallet, but it's understandable because they're not trying to compete with existing HWs. Bitkey is making these tradeoffs to get people to withdraw from exchanges. And even with all the compromises, using Bitkey is still much better than not taking self-custody at all.
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216 sats \ 2 replies \ @DarthCoin 29 Feb
For me personally all hardware wallets are useless. Just a hype marketing.
I had in the past Trezor, Ledger, Coldcard and give them away to noobs.
I don't need a HW.
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0 sats \ 1 reply \ @joda 29 Feb
Darth, you have more experience with Bitcoin than almost anyone. Not everyone can have a second computer, running tails, verifying all their software, etc. Even if they could, few would want to.
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0 sats \ 0 replies \ @DarthCoin 29 Feb
I know. That's why I do not say that everybody should do like me.
If you are not comfortable with running software or doing other stuff, just use a HW.
Fine for me. More sats for me.
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0 sats \ 0 replies \ @KLT 29 Feb
Completely agree with you. I have people in my life, some young, some old that aren’t tech savy enough and I’m going to onboard them to bitkey vs keeping their funds on Muun wallet. Self custody will have its levels and bitkey is much better than keeping funds on an exchanges. Some people I’ve been able to setup on cold cards but not everyone is ready for it.
Ultimately I see bitkey as a positive for bitcoin.
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0 sats \ 0 replies \ @joda 29 Feb
I agree about the need for a trusted display. I don't really see much point without it. Like if you trust your phone then just use that for signing.
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21 sats \ 0 replies \ @lightwalker 29 Feb
Not at all. "Not your keys, Not your Bitcoins"
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21 sats \ 0 replies \ @pakovm 29 Feb
Not even if they paid me to.
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10 sats \ 0 replies \ @george_moio 29 Feb freebie
i trust coinos.io
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0 sats \ 0 replies \ @03479d0ee6 29 Feb
I don't. But I think bitkey is a good solution for most normies, i could also see myself using with a smaller stack.
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0 sats \ 0 replies \ @030a29f333 29 Feb
The question is with how many sats
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0 sats \ 0 replies \ @OT 29 Feb
You wouldn't be able to back it up.
Only if we arrive at a world where there are micro robotic insects taking photos of us writing down our seeds does this become a viable option. I heard Max Hillebrand on a pod talking about this.
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0 sats \ 3 replies \ @sime 29 Feb
How do I spell vendor lock in?
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10 sats \ 1 reply \ @mattcrv OP 29 Feb
Bitkey does have its downsides (the fact that 2 of the 3 keys are hot is the main one, and it's too large of a compromise to ever make me want to use it as my main wallet), but I can't see how vendor lock-in is one of them. You can send out all of your balance to any other wallet at any time, so you're not really locked there.
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0 sats \ 0 replies \ @sime 1 Mar
In 10 years time, you unearth your old Bitkey setup.
Bitkey went bust after 2 years of operation. The Bitkey app is no longer compatible with current phones. You might have your keys, but you do you have a way to access them ?
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0 sats \ 0 replies \ @JesseJames 29 Feb
S-H-I-T-E !!! :-)
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0 sats \ 0 replies \ @Bell_curve 29 Feb
Muun wallet
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0 sats \ 0 replies \ @bzzzt 29 Feb freebie
such things exist outside of custodial? like the app creates a wallet that their server doesnt know the keys to, and you cant access the keys either? 😂
0 sats \ 0 replies \ @m00ninite 29 Feb
deleted by author
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