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111 sats \ 2 replies \ @elvismercury 6 Feb \ parent \ on: Hardware wallets - are they really necessary? bitcoin
I don't disagree with this quote, and I know you disclaimed giving an alternative already, but given the logic you've introduced (it's hard, seed phrases are imperfect, people don't put in effort) what do you tell your cousin, right now, when he finds you at the xmas family party and asks you how to get hold of some btc?
Do you tell him not to bother until he's willing to either become a security engineer, or until the ecosystem solves custody, which they have not yet done to your satisfaction after fifteen years? So just chill till then?
Or do you pinch your nose and recommend something else?
I have no qualms sending people to a custodian like River or an ETF depending on their goals, and do that often. I'd rather that than have them lose what they've bought. I've never recommended a HWW, I have several in a foot locker that have been given to me at conferences etc and don't think I've even unboxed any of them.
Bitcoin to me is about ending central banks and the societal issues that come from it, that's different than rampant holier than though virtue signaling about ending all financial services entirely. Self-custodial optionality is the real virtue pillar to keep things in check, and that doesn't make self-custody a must for absolutely everyone.
My goal with Lightning.Pub is to bring those custodial relationships closest to home as possible, using the velocity of means-of-exchange to incentivize that.
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Ah, cool. That's basically identical to my approach and mindset - for the Xmas cousin, River is way less risky (despite real risks, which life is full of) then the cousin fucking things up somehow.
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