Simply noticing the presence of an incentive and a tool that could be used to exploit that incentive.
1) Lock people in to self custody within the square/cash app ecosystem (seedless Bitkey)
2) build a convenient lightning bridge from Bitkey on chain wallets
3) profit: as medium exchange takes off harvest the elevated lightning fees from the vendor locked in Bitkey enjoyoors
To be clear, I think it’s great Bitkey exists, great to have options, especially for the noobs, just noting an incentive that isn’t great especially in light of the marketing FUD against seed phrases. nostr:nprofile1qqsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygpvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33v9arj7r28q6kxmtcwcux2wt289unsvrvwechqwfhvde8xutyw5exvur4xdehyam5dpjrjwt3ve6njutnvaehgctd8puns0mzwfhkzerrv9ehg0t5wf6k2qgewaehxw309ac82unpwe5kgcfwdehhxarj9ekxzmnyn2qpzx is right that seed phrases are a super power and we should be wary of undermining the interoperability of bitcoin wallets
The people who understand seeds, will not be affected by Bitkey marketing. The marketing is for people that fear, with reasons, having to write and protect seeds to not loose all their Bitcoins.
The marketing FUDs one of the most important aspects of individual sovereignty within bitcoin. Not good. It could be offered as a noob wallet without also FUDing seed phrases
It's not a newbie wallet, is a wallet that understands that seeds are for very few specific people. I use Bitkey and I don't consider myself newbie, but I understand that I can't care of seeds without making mistakes forever and to be honest, I think even people who thinks are smart, will probably make mistakes at some point in life.
You don’t have to write down a seed. There are many easier alternatives. Bitbox does a dead simple SD card backup, the new Foundation attempts an NFC card backup. This feels like a throw the baby out with the bath water rather than fix the problem approach.
Imagine being afraid of having to keep safe a titanium plate. 🤡
Human flourishing is synonymous with personal responsibility. We should do everything we can to encourage it
Taking possession of your bitcoin is an expression of personal responsibility. Bitching about people doing it “the wrong way” is weak.
Do you think it’s wrong to encourage people to take more responsibility for themselves?
That’s not what’s happening here
Here’s what I said:
“Human flourishing is synonymous with personal responsibility. We should do everything we can to encourage it”
What’s your beef?
You said a lot of things besides that. You know what I was referring to, so spare me the quote lol
I have no beef. I’m just calling out the hysteria about a marketing campaign that’s totally benign unless you’re a competitor that’s losing business to a more user-friendly product.
Easy for thousand dollar networthers to say that
Just say, “Scared to” lose your seed phrase, don’t be with Bitkey.
Doesn’t take away from the value and power of the seed phrase, while promoting the value of their product. 🤯
That is exactly what I want .. bought bitkey only for being able to use it as my SATs payment device ( lightning or whatever ) without having to lug a phone with me .. but later found that it doesn't yet SATs do thing 😀😀
Do you think there is something wrong with this approach ?
