Hot take: setting up a collaborative custody multisig vault with a third party like Unchained is WAY simpler and more foolproof for most people that singlesig + passphrase.
By “most people”, I do actually mean the non-tech savvy people. People who use the same password base for everything. People who haven’t owned a computer since they left their parents’ house. People who don’t know to check a link before clicking it.
It takes minimum intentionality, which inherently gives you a basic understanding of how private keys should be handled. People that go through that basic process will be SIGNIFICANTLY less likely to lose their keys. Meanwhile, it’s super easy for singlesig + passphrase setup to be mindless, and way more people are going to lose access to their wallet in that config than those with collaborative custody multisig.
I think this is true, and really want it to be. Gotta be honest though, the flattery sketches me the hell out.
Ha, got it working. Don’t give me a troubleshooting task or I’ll find the solution 😎
It’s crazy how often I see people who think VPNs encrypt your data. It’s incredibly misleading. Read this:
I randomly and conversationally posted about the visual importance of beards this morning after seeing an example of an old politician growing a beard and looking better, and it is trending on Primal.
I suggest that people should like and zap and repost nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu's far more important post about the currency caste system up to the top to flip this.
Not your keys, not your data
Sounds like a terrible idea
Then there’s the concern that bitcoin doesn’t level the socioeconomic playing field, but steepens it. Governments and corporations will be able to get their hands on an increasing amount of bitcoin over time, and once they have enough, they’re effectively able to manipulate the supply, not only defeating the purpose but putting us in a worse situation. Even Satoshi coming out of the woods once we’re on a bitcoin standard would have a massive and probably damaging economic impact on the world.
Bitcoin “could be bad” in the sense that a large percentage of the population, if not most, won’t understand how to securely hold their keys because of how foreign the concept is, and will either lose or get scammed out of their money. As simple as “don’t ever give away your private key” is, it’s new and unknown to so many people, and they’re not going to know who to listen to. People will passphrase protect their wallets thinking that’s something they can reset or recover. People will get phished. It will be a brutal transition for a lot of people, and there will be too many cases for anyone to do anything about it.
If you want privacy, get off the internet. It doesn’t exist here.
Trying to think through what it would take to have a version of nostr that restricts post visibility to people you approve. So basically early facebook, probably plus signal group chat.
Seems reasonably feasible?
SEC tells coinbase to delist every crypto except for bitcoin.
I’m not sure how, or if, that should be used in conversations with new bitcoiners.
On the one hand, I’m really glad they’re getting that right, but on the other hand, I wouldn’t care if they told coinbase to delist bitcoin as well. I mean - that’d be bad - people need easy ways to buy bitcoin, and I’m worried that eventually the US government is going to make that really difficult.
It’s nice that they’re helping the separation of money and state for now, but I’m anticipating that to come to a hard stop at some point.
So like, great that we’re moving in the right direction for now, but we need to stay mentally prepared for the war ahead.
Nah. That’s the crypto version of handing out gospel tracts. Good way to throw away bitcoin. People gotta come into a legitimate understanding.
Yep, that’s the one I’m sticking with. Quintessential argument against shitcoins:
You can’t turn money into an app.