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71 sats \ 3 replies \ @ca 29 Apr \ parent \ on: Users are not dumb - Nunchuk bitcoin devs
  • you don't need to select a physical place to hide it
  • you cannot lose it to memory, fire, flooding
  • guests cannot steal it from your home
  • you won't make mistakes transcribing the seed
  • you won't have to maintain the physical seed and check on it regularly
  • you don't have to explain the concept of keys to normies
  • et al.
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2 sats \ 2 replies \ @optimism 29 Apr

Okay?

  • What magic secret can live in the open?
  • What magic secret (container?) can sustain amnesia/wear, fire and flooding?
  • What magic secret cannot be stolen?
  • What magic secret is persistent and absolute in backup?
  • What magic secret is non-physical?
  • What magic secret is so magic that you don't have to explain it?
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173 sats \ 1 reply \ @ca 15h

Bitkey has a clean solution to the dilemma.

Certainly with tradeoffs, but only one I could gift to a normie and have a guarantee that they won't fail in custoding bitcoin.

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104 sats \ 0 replies \ @optimism 9h

I think that that's my bottom line point: tradeoffs. If you have secrets, they have to be kept safe. Whether or not you do it yourself or you outsource it, directly or indirectly, merely shifts the burden, but the burden is still there. You may just not be exposed to it in the same way and you'll have different friction.

You'll even probably still have a seed and key derivation as continuous secure random without wrapping is a security risk too that a normie won't be able to defend against.

I guess what they really mean is: we don't have a BIP-39 implementation.

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