Hmm.
I read through it.
For break-glass “Customers must have unlocked bitkey hardware”.
If Bitkey as a company is gone (sorry) and if the hardware device is non-functional, the funds are lost.
Like all it takes is a new company to flop and consumer hardware to quit and funds are lost.
That’s a no-go for long-term storage then right?
Still better to safe deposit box a metal backup?
Or is this one of those situations where it makes sense to have multiple tools for different use cases?
The multiple tools in this case would be the open nature of the platform. Anyone can build upon it.
I think the Break Glass method of recovery is much better than keeping funds on an Exchange. If we're having this discussion here, this device probably isn't targeting you. It's for the rest of the world.
I haven’t trusted an exchange or a startup like this with my wealth.
My Bitcoin holdings are less than .1% of my net worth. All of my Bitcoin holdings (albeit small) are on an exchange. I believe that I’m specifically one of those people targeted here.
I’m on Nostr for Nostr, not Bitcoin. But I’m willing to learn why I wouldn’t want to trust an established local credit union’s safe deposit box as much as a solution like this.
