The Proton CEO speaks about the Bitcoin wallet
541 sats \ 5 comments \ @rod 31 Jul bitcoin
Summary
It will be good for adoption but... it is not bringing LN, nor CoinJoins, nor silent payments in the first release...
Check the Opt Out interview:
I don't think most tech savvy will use it at all, but they have over 100 million clients that will be exposed to Bitcoin , which is great.
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21 sats \ 1 reply \ @Chronicsats 31 Jul
I've been thinking about ProtonMail's new crypto wallet, and I'm seeing both pros and cons here. On one hand, I'm a bit disappointed it's not launching with privacy features like Lightning Network, CoinJoins, or silent payments. That seems like a missed opportunity, especially for a privacy-focused service. But I can't deny the potential upside - this could expose a lot of privacy-minded folks to crypto who might not have dabbled in it otherwise. It's kind of a trade-off, right? We're sacrificing some advanced privacy tech for the sake of broader adoption. I'm hoping this might actually create more demand for those privacy features down the line as more people get involved and start to understand why they matter.
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43 sats \ 0 replies \ @rod OP 31 Jul
I've been thinking about ProtonMail's new crypto wallet, and I'm seeing both pros and cons here. On one hand, I'm a bit disappointed it's not launching with privacy features like Lightning Network, CoinJoins, or silent payments. That seems like a missed opportunity, especially for a privacy-focused service. But I can't deny the potential upside - this could expose a lot of privacy-minded folks to crypto who might not have dabbled in it otherwise. It's kind of a trade-off, right? We're sacrificing some advanced privacy tech for the sake of broader adoption. I'm hoping this might actually create more demand for those privacy features down the line as more people get involved and start to understand why they matter.
If you listen to the interview, Andy Yen mentions that the issue is law and regulation, they have 100 million customers and a product that sells well, their lawyers in USA have been quite clear, with them, they can't implement any privacy feature that is not transparently legal in USA... Not only that, he goes further to explain that in Switzerland they have regulations that require some sort of auditing periodically and the fact that they accept Bitcoin as a form of payment is a deterrent for the biggest and most important auditors to agree to do work with them.
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0 sats \ 0 replies \ @Zenul_Abidin 31 Jul
Still waiting for a Proton Drive API.
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0 sats \ 1 reply \ @JuanMiguel 31 Jul
I don't think most tech savvy will use it at all, but they have over 100 million clients that will be exposed to Bitcoin , which is great.
I doupt anyone in 2024 still doesn't know what Bitcoin is. Specially Proton users... We need Linux support, not retarded Bitcoin Wallets on Browsers inside Spyware OS's like Windows/MacOS...
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0 sats \ 0 replies \ @kepford 31 Jul
While I agree more people will adopt bitcoin than Linux. People are lazy and only learn by getting burned.
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