Bitcoin companies will generally want to sacrifice security for superficial, short-term adoption. They're businesses, after all and more customers is how they make money.

Users, on the other hand, will want security for their coins and will care much more deeply about true long-term adoption.

This continues to be a tension that won't be resolved anytime soon.

Reply to this note

Please Login to reply.

Discussion

💯

multisig

The fiat world conundrum of trying to transition to a bitcoin standard.

We mostly care about long-term sustainability. Will #Bitcoin be around 100 or 200 years from now. That's bitcoin's true value proposition.

Bitcoin has nothing to do with sales and marketing. Nothing to do with the Wall Street get rich quick shell game. Nothing to do with the banking usury industry.

If they can also benefit from Bitcoins, good for them. But they're the cart and Bitcoin is the horse. The fastest horse in the race. It's designed to not bend the knee for anyone.

They will all have to just get over it..⚖️👮‍♂️

Having tried almost all the use cases, I'd say store-of-value is the only one that's lived up to the promise. Lightning and zaps on Nostr are fun though.

So true, I've seen very few Bitcoin companies (if any at all) that did not ammend their principles for monetary gains.

How do you securely generate your private public keys?

This is a classic example of half truth. The snake oil salesman gives half of the truth of longevity (that you can do on your own) and then finishes his presentation by asking you to buy his product.