Avatar
Adam Dunlap ⚡️
1777efbf138ae3d192fc336bd16ddbe3897f512b932a6aa5c7580d3299cd6bc4
BTC class of 2017. Creator of the Dunlap Delay financial metric. First person* to suggest variable time locks for hardware wallets. Looking for my place in the Bitcoin world.

The fundamental power of wealth is its ability to simplify one’s life. Few wealthy people understand this.

Really? Will pick one up and play with it. I am shocked this isn’t standard on all hardware wallets. I wrote Trezor and they didn’t reply. I wrote cold card and they said “we are working on the idea.”

Vexed by the choke points.

You can be better.

Why aren’t you?

The solution to wrench attacks is for hardware wallet providers to integrate variable time locks on their devices.

Imagine setting a 7 day / 30 day / multi-month / year+ time lock directly on your Trezor. You can always reset by wiping device and using recovery seed. Base layer doesn't need to be involved. Store recovery seed in a 2nd location.

This allows for various seed storage options while also eliminating the need to trust a 2nd party when doing it. Multi-sig? No longer needed either.

No one needs access to all their Bitcoin 24/7. People just need the ability to get to it within a reasonable time frame. Wallet level time locks give hodlers this optionality while basically eliminating one of the scariest risks of self-custody.

Is the primal algorithm oriented against doom scrolling or is there just not enough good content here?

Asking for a friend.