Yes. I just talked to a retired gentleman who grasped the concept of bitcoin and was excited about it, but he was like a babe in the woods about how to get it. The ETF provides a path for our parents' generation who get it conceptually. I was thinking of recommending some private custodian companies, but I don't have confidence in those either. And it all requires trust to operate, trusting the person on the phone, the company, etc. He's inevitably going to have trust built into his bitcoin stack due to his technical skills, so he might as well have the audited, ETF business model.
Discussion
I just spent almost 3 hours fiddling around with 4 wallets, dealing with bugs in 3 of them and 2 software crashes, and configuring 2 Linux machines, just to move my own money.
If it's going to be the complex, it should at least be stable. 🙄
Everytime I do something on-chain, I struggle with Bitcoin UX trauma. 😂
oh no, that makes two of us with problems this weekend! although the nerd in me also thinks that sounds kinda fun to figure all that out,
thankfully there is Nostr now to share these moments with because in the past any of these moments would have been much more stressful.
That's true. 🫂
and for the record it was a Ledger Nano S that I want to heap the shame on. It just decided to be coy and not let any USB drive on any computer read it. "ledger says no"
i already feel really bad for shaming ledger. I'm sure it was my own technical difficulties.
I will try it again
Ha ha, same! Had to do this (see Linux and solution 1 and 2).
Can't get my MIL to use it. She refuses to even try online banking.