Nostr Web Client

That's true. But I really can't see a future where everyone and their grandma punches their seed onto a steel plate. The most competent and trusted custodians will have compete for the business of those who want to leave security up to someone else. You already see it with Coinbase and institutional custody models.

btconboard #LNHANCE or #CTV 1y ago

Fair concern. I think those people likely start with an Unchained, On-ramp, or Bitcoin Adviser products where they hold 0 or 1 of 3 keys, can at least audit on chain, and grow and learn from there. Bitcoin has no reverse button so best for some to slowly learn before yoloing in with everything.

I think this is true everywhere and everyone just blithely underestimates how close their entire lives are to being one hack away from permanently fucked. Most people generally have shit personal technology security and knowledge and are an easy SIM swap away from losing everything. Your Twitter account gets stolen and they tweet something racist/whatever and your company fires you immediately and your reputation is ruined permanently derailing your career and life.

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[ARCHIVED] Jay 1y ago

I self custody, but even then, it's been assisted multisig for years because I know I'm an idiot.

What you pointed out is even scarier and I didn't really think about it. But the risk of messing up your self custody is kind of tempered by the even larger risk of getting your online financial and social life rugged by a hack or otherwise bad actor. Most people are ok with the latter risk though because they discount it so much.

btconboard #LNHANCE or #CTV 1y ago

Agreed. People discount fiat world risks massively and so by that’s discounted basis when they compare to Bitcoin then Bitcoin seems relatively more risky than it actually is. Not to say there isn’t risk in Bitcoin, there is.