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BTC Sessions

NEW TUTORIAL!

How to set up and use the Bitkey to secure your Bitcoin.

LMK what you think, and give this a share!

https://youtu.be/ccKZDNGhK9M?si=vNf5zXszn5uDj_Mm

Laser 11mo ago 💬 11

Actually pretty impressed with how clean the overall #Bitkey UX is.

I could see how this would be useful as a daily spending rig, sort of filling the same place as today's checking/credit card role. The key sits in your pocket, replacing your wallet for payments.

The daily spending threshold makes it easy to get your regular, low risk purchases in (lunch, coffee) without any friction. Above that, grab your key and auth via NFC. Very smooth.

Obviously, because biometrics are usernames and not passwords, this type of setup does NOT make sense for savings or retirement; only as a daily spending account.

Not wild about the app knowing your email, logging into your Google account, and integrating against Coinbase, but I understand what they are trying to accomplish there.

One day I'd like to see this type of UX reimplemented on Ark with user privacy/safety in mind.

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Discussion

deeznuts 11mo ago 💬 1

In reality this is the safest tool on the market.

most HW wallets are single key, and is a one mistake setup.

This is Apple-level UX but multisig with recovery and inheritance protocol

No one else has this in such a simple UX.

Laser 11mo ago

Safe for spending, not saving.

Your finger print is all that stands between you and an armed robber.

deeznuts 11mo ago 💬 1

Your single key is a *single point of failure* and all hw wallets are susceptible to a 5 dollar wrench attack

Laser 11mo ago

No shit. At least those things are difficult to access if you refuse. Bitkey can be accessed even if you're asleep.

deeznuts 11mo ago 💬 1

I’m not sure where you keep your BitKey, but an attacker has to defeat my alarm, dog, safe and 9mm first

Laser 11mo ago 💬 1

Forced access via state seizure is a real threat vector.

deeznuts 11mo ago 💬 1

true. and?

Laser 11mo ago 💬 2

If my keys ever get stolen, I want the option not to provide access.

https://x.com/Cointelegraph/status/1876931377783885927?t=Wpch_cS7IiuDRejwNYKzmQ&s=19

Laser 11mo ago

s/stolen/seized/

Dan Carman 11mo ago

Fingerprint and FaceID are not testimonial, no right to remain silent concerning these. Many cases of law enforcement using face / finger to unlock devices while subject is in custody, cuffed or not.

Jon Gordon 11mo ago

Agreed- high quality tool for checking account like spending and multi-sig security

CrnaGoraOne 11mo ago 💬 1

For now i do not see any logic in using such a device.

I do not use google stuff.

Laser 11mo ago

Aye. the Google Drive feature is a pretty big roadblock for security and privacy.

That being said, it's not hard to imagine future versions loosening coupling there.

Laser 11mo ago

Ideas for enhancments; cc nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m.

1. Notifications sent directly as messages to an npub. For freedom minded users, this is preferred to email, which is notoriously unsafe/surveilled.

2. Option to save backup packet directly to device. This makes it possible to store in Proton Drive, Sync, or Bitwarden as an attachement, or backup offline, etc... Google Drive makes sense for normies, not us.

3. Option to add passphrase on spends greater than X threshold. The passphrase could easily be added to the backup packet for safety. This makes IRL state seizure much harder.

4. Option to completely disable embedded exchange (Coinbase, etc) for power users. Suggest adding nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en and some of the other maxi-minded exchanges in various countries, too.

5. If not already, fully open source (no license trap) the wallet software and the hardware schematics and allow installing directly, outside the app stores.

If done right, the above wouldn't impede the golden path for noobs, but would expand #Bitkey to seasoned #Bitcoin users, better complimenting the values of our ethos.

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Cole McCormick 11mo ago

This seems like a wallet built for me. I’m aligned with the ethos, never had any technical interest before or after learning about bitcoin. Just want my money safe and spendable.

Jay Stratton 11mo ago

Have you ever played with a Tapsigner? I've been using one in combination with Nunchuck for having a mobile wallet on the go. It looks just like a credit card, put requires a pin to spend. Very unassuming device that just works.

Currency of Distrust 7mo ago 💬 1

I was strongly considering getting one until this

https://primal.net/e/nevent1qqs2pr2az7fm8l3hedry60ymfvt5egmre8nczx7enuv807zmzwfycdq7napyd

Laser 7mo ago

Yup. World changing fast.

Not convinced well see payments at scale for L1; so something closer to Ark makes more sense.

Still, the seedless + gemstone form factor is interesting for everyday payments.

Combining that with privacy and full user sovereignty would be really something.

Currency of Distrust 7mo ago

Agreed. No reasons why bitkey can’t be a self sovereign product.

I really liked it because I don’t think my wife would have been as intimidated by it as other hw wallets