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100 sats \ 12 replies \ @BlokchainB 22 Oct 2022 \ on: Don’t bother with hardware wallets in card format bitcoin
To each is own. If customers like them and they are fairly secure then have at it. I think it’s cool different companies are trying different form factors to lower the entry burden for the common person
Right, but they are not 'fairly secure'. It's enough that the user downloads the wrong app from the internet. Yet they are marketed as "safe". Quote by Tangem: "The safest crypto wallet for everyone".
Card wallets give users a false sense of security and make them pay for it.
They also don't lower the entry burder for the common person as a software wallet is even easier to use and not less secure.
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Downloading the wrong app is a security hole for anything related to bitcoin.
So many users been rug pulled already with bogus software wallet apps.
I see the problem card wallets are trying to solve. The idea here is to isolate seed from phone. In a cheap and almost dumb way so users don’t overthink it or become overwhelmed.
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No, you don't have that issue with a good hardware wallet. If one device (host device or hww) is not malicious, you will know. With a card wallet, it's enough if one device of the two is malicious. This is effectively doubling your attack surface.
If all you want is to isolate seed from your phone, use an encrypted software wallet.
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But what is the cost of a good hardware wallet? Would an unbanked person even understand or care? Attack from who? Their government? Random hacker on the web? If one of the goals of bitcoin is to bank the unbanked then you need to try all types of products that lower the cost and can give reasonable security.
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Exactly! That's why I'm saying just use a FREE software wallet.
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FREE software wallet NEED hardware to run it. So it’s not technically free!
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Yes.. yes it is.
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False! Name some hardware this free software will be running on? And the corresponding cost of hardware