Technology excels when it's able to fade into the background. The Bitkey wallet looks incredible for newcoiners and less technical people. This may be the first Bitcoin signing device to be able to successfully do that. Great work nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1yk3pjtw0xnpmuvnf3z6un72z42t83xye69d4jsfxq2z54pera85qcwyya6 nostr:npub1hyqrsvl6hle8r5rc9cpshesm0mpcee75tgde4p5lhke5h83dyqqqdwk7cp and everyone on the Bitkey team.
Discussion
Serious questions - are these things supposed to last 50 years? Will the app still even be around?
I assume there’s a hard-copy backup option? If so, why wouldn’t it be included here in the product offering?
Hmm.
I read through it.
For break-glass “Customers must have unlocked bitkey hardware”.
If Bitkey as a company is gone (sorry) and if the hardware device is non-functional, the funds are lost.
Like all it takes is a new company to flop and consumer hardware to quit and funds are lost.
That’s a no-go for long-term storage then right?
Still better to safe deposit box a metal backup?
Or is this one of those situations where it makes sense to have multiple tools for different use cases?
The multiple tools in this case would be the open nature of the platform. Anyone can build upon it.
I think the Break Glass method of recovery is much better than keeping funds on an Exchange. If we're having this discussion here, this device probably isn't targeting you. It's for the rest of the world.
I haven’t trusted an exchange or a startup like this with my wealth.
My Bitcoin holdings are less than .1% of my net worth. All of my Bitcoin holdings (albeit small) are on an exchange. I believe that I’m specifically one of those people targeted here.
I’m on Nostr for Nostr, not Bitcoin. But I’m willing to learn why I wouldn’t want to trust an established local credit union’s safe deposit box as much as a solution like this.
This will be an open platform. We won’t be the only game in town. Anyone can build on the spec and provide the hardware or services.
Thank you
Hell yeah 😎
That’s awesome. So to be clear, if the company/app was no longer around in the future, could one recover one’s bitcoin using the open source code or using another app that uses the same code?
That's how I'm understanding it.
Ah perfect. I hadn’t looked into it enough yet. Thanks for the info. I will now.
Wish you the best.. thank you for wanting freedom for people..
I’ll always be a supporter
Beautiful
By the looks and sound of it I'm liking this product. Considering ordering one myself. Of course, I'm a little concerned with privacy and overall security of it though being part of your key is stored on their servers.
Definitely a step in the right direction though, self custody has to get easier for main stream adoption.
Would you trust it knowing what we know so far nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424?
if you’re a privacy and kyc free maxi, then Bitkey may not be your cup of tea. could be wrong 😬
Knowing that it's going to be an open system where anyone could run and build tools for it, I believe I would recommend this to any friend or family member that didn't feel comfortable using a multi-sig setup themselves.
Great presentation, that’s a “content quality” about 🤩👍