Help me understand why is it better to have to rely on a third party?
I understand it is a simple first step for improving custody over having the coins in an exchange.
But why is it better that safeguarding your keys?
Is the third party gonna be there without policy changes in two or three decades? how about in a couple of generations?
People need to be aware of the trade-offs when they trade personal responsibility for convenience. What made seed phrases such a great improvement was the added convenience without abdicating any personal responsibility.
should be able to eventually choose your own third party, don't need to trust us.
Thanks, makes sense and I see the value for those that still rely on Exchanges.
Easy implementation and payment integration. I have tested one and works great.
IMHO it is better not to have to trust anyone and self custody, but I see the value for a segment of the market
Trust but verify?
There's no 3P reliance on Bitkey. Customers can always unilaterally exit without Block Servers or the Bitkey App using the Emergency Exit Kit.
https://support.bitkey.world/hc/en-us/sections/37470033273236-Emergency-Exit-Kit
