Nostr Web Client

I decided not to use it. I thought I'd be into it for the inheritance feature I was hearing about but as I sat with it more I felt it may not be that safe. But I am now totally forgetting how it functions... I never really used it. Is it basically because it doesn't have a seed phrase (does it?) and it's operated from an app, so a wrench attacker would just get in my phone and can access it if in the same location?

Lucas M 7mo ago 💬 3

It doesn't use a seed phrase. Block holds a backup wallet for you. Therefore, if you lose both your phone and Bitkey, you must contact Block customer support to receive your lost funds. In short, not having a seed makes you completely reliant on Block and doesn't teach anyone anything about independent financial security. It just grants more unneeded convenience. Convenience >>> laziness.

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Discussion

Laeserin 7mo ago 💬 2

If you lose the two other keys, Block holding the third key doesn't help. If you have a Bitkey, anyone attacking you will know that you must have a second key.

Lucas M 7mo ago 💬 2

Yep. It's a really stupid setup, imo.

DRE 7mo ago 💬 1

To each their own

Lucas M 7mo ago

Yep

DRE 7mo ago

That’s why you have the encrypted cloud backup, trusted contacts, and inheritance feature.

Lucas M 7mo ago

That seems like more of con than a pro. Also, anything that requires my fingerprint to gain access is a hard no for me.

DRE 7mo ago

Not exactly right. If you lose your phone and hardware you can recover without Block with the cloud backup and trusted contact. Block just helps with the delay and notification, and if they are not available you have the Emergency Kit to do a sovereign recovery