What I love about #Bitkey is less copying, and more outside of the box thinking.
There are lots of different tradeoffs. But we need more different things.
Just like cars; sports cars, minivans, pickup trucks, etc...
There is a lot of different people in the world with different needs.
More divergence.
This is like the SUV of this industry?
Agree, but at what point does decision paralysis become an issue?
That's not a reason to not make new products ct categories. People need to think for themselves and not have everything handed to them.
I agree, my question was directed more towards the acquisition of a new user of a cold wallet. I’ve helped educate a few people, and the demonstration of anymore than two wallets, and they are often overwhelmed and find it hard to understand the tradeoffs between each. Choice is paramount, but too much choice becomes another issue. I was just wondering if he had insight into this, as a product developer himself.
Agree. As long as these different hww and coordinators are honest about the tradeoffs, it’s a big boat.
In your opinion, what is the likelihood for a malicious actor to steal your bitcoin from the bitkey, particularly an employee of block. They have a key, and another key is on your phone which I assume is hackable? Seems like your money is toast if Google/apple and block were to conspire, no?
đź’Ż Same team
Indeed
More variety > cheaper clones
Don't be afraid of different voices, a product is not suitable for everyone, but Bitkey is suitable for most people.
🎯
100% this
Step 1: get Bitcoin exposure.
Step 2: get better at buying & storing
Step 1 for me was GBTC. #Bitkey is 1,000x better as a first step than that.
And diversification spreads the risk around. I trust your component selection…but it’s hard for the plebs to verify that part of the puzzle.
💯🔥
Where do I see the tradeoffs?
Indeed. It is different.
I’ve used essentially every bitcoin device made ever since the beginning.
I prefer coldcard. A lot. But I didn’t start there, not by a long shot.
I’ve built up around me a community of normies who have bitcoin, some of whom have achieved self custody status. I’ve seen the struggles and problems and mistakes…I pre-ordered a bitkey as my next welcome to bitcoin gift for a newbie.
There’s only one thing more important than stacking sats: stacking a community of local folks who stack sats.
A lot of basic people who can’t figure out simple computer programming to own and control their own money. FTW!
Agree. As you say: different people, different problem. It’s impossible to ask for my grandma to understand every piece of bitcoin architecture, as derivation paths and these stuffs.
I don't like that framing. I've seen plenty of grandmas do that.
I think it's better to frame it as doesn't want to.
