WTF are we doing with storing huge amount of money on some crappy $150 piece of plastic? Is this really the best we can do?
Discussion
What we?
This is the point Onramp make.
Have you checked their offering, curious on your thoughts!
No, I am a familiar with what they are doing in regards to collaborative custody, and worked with some of the guys at unchained, so I’ll have to take a look as I haven’t checked in on them recently.
I would love to invest my time in something better.
My money is imprinted in steel and geographically distributed. The device(s) is/are not where your money is. You know this.
Good point, but it’s still part of the toolset that we should do better with
Should the signing device be bigger, harder to break, or what? I think imprinted in steel is as good as solution as you can have for physically securing something. At the end of the day, physically storing wealth has always been a challenge. It’s going to take some invention to solve that has eluded mankind forever. This is a meat space problem, not a digital one. The alternative is to trust third parties with it, and you are just trusting them to secure it properly. I know which option I’m choosing.
yeah I don’t get his deeper point or what he thinks would be better.
I think both bigger and harder to break, possibly a whole new approach to UX for verification.
Making the device more durable if you have your seed phrase(s) in steel is completely counterintuitive. If anything, we should have throw away, one use, cheap signers for moving material amounts of wealth. As far as using a signing device in its current setup, simply as a facilitator to sign something, I see no problem with them if you are properly securing your seed words. Would you really pay for what you’re asking for?
Idk about you, but my wealth is stored on a few 20 gauge, 4 inch rectangle slabs of Titanium
That cost around $20
nostr:note1pk4kmwsawsndfya9hlsu8k7jd4ywtctzyax7efy4dwk7r5r8at9s809dlk
Your money is on your keys, not on any plastic.
Right, all bitcoin is forever on the blockchain. The keys to your bitcoin are on your HWW.
It’s only a signing device. Our money is a globally distributed network. It can be accessed multiple ways.
It's the silicon inside that brings the security. You have 256 bits of information that should never ever be read by an attacker. The device that secures the key can be light as a feather.
The access controls around it can be as hardcore as a military base, and that part is all up to you. Make it as beefy as you want. Or put it in a drawer who cares.
$130 w/shipping and handling if you use the code nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavusyfdmyk