Replying to Avatar erik

If I wasn’t working on ecash, I’d be working on making seed phrases obsolete. They’re the worst possible UX imaginable.

"Hey, we have the best engineered money in human history…but before you can use it, you have to grab a piece of paper and write down 12 random words. BTW if anyone ever finds this paper, they can steal your money forever."

Deeply unserious UX.

I think seed phrases are the best solution we have right now. But it’s naive and short sighted to think they’ll remain the standard for self custody / backup, or that we can’t design something 10x better and just as secure.
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edouard 4mo ago 💬 2

Seed phrase are useful and difficult to replace for cold storage usage for store of value purpose

They are not really needed for hot wallets where you leave little money, you should not care too much about them then

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erik 4mo ago

More or less agree on the first point. I think something like Ledger's idea of NFC recovery back up keys are a step in the right direction.

100% agree on the second point.

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Jeroen Ubbink 4mo ago

I think NFC needs a lot of infrastructure if you are recovering from a larger catastrophe where a seed phrase and mathematical formulas could basically restore your private key on a piece of paper.