#Bitkey should not be compared with any other #Bitcoin wallet. The comparison should be against an ETF.
The question really for me to decide which would be better for a non-tech savvy normie is simple: what happens if #Block goes under? What is the process of recovery then?
Sorry, best I can do is BEING the portfolio.
No way to enforce it.
And node pruning too.
Definitely a non-issue for Core.
Narcisism. And we all know what Bitcoin does to heros.
This is no reason for a fork.
And I have to say this again? Ordinals already died once, and there is no reason to think this time is different...
Is #Bitkey good? Not exactly.
Is it better than the #Bitcoin ETF for normies? Definitely.
We need to understand that not every product is made for us. This has a target audience that will benefit.
It also starts competition in that space, that we really need if we want the average Joe to hold their keys.
Models are incremental. This is Block's "no fuss" option for mass adoption. Competition in the normie space is sorely needed for adoption.
It's not for me or you, but it's there now as an option to BlackRock. That is important.
Because it is bullshit.
The nodes determine what transactions are valid. It's not a bug. It's smart programming.
He and Ocean are entitled to do whatever they want too though. And them too are acting within the rules.
1. Not open source software/hardware
2. No clear commitment to open source software/hardware made
3. Block gets 100% visibility into all transactions due to 2-of-3 multisig architecture
4. No ability to verify addresses or amounts (no screen)
5. Still $150 + shipping w/o screen
"Gets many more people thinking about self-custody in #Bitcoin"
Worth Reading about #Bitkey here: https://www.zherbert.com/bitkey/
We do need to ask ourselves a question though: is this better than an ETF? A lot of the masses will require simplicity.
You all need to chill.
#Ordinals have lost once, and the market dictates they will lose again.
#Ocean can do whatever they want, that is what freedom looks like.
Build the tools for node pruning, sure. Create your restrictive pools, sure. The market will decide.
#Bitcoin fees are not an excuse to push "bug fixes" that are nothing more than opinions.
What Ocean is doing is no different than the OFAC complient blocks.
Try and pass a #BIP for changes.
Every single one of these actos is acting according to the rules and guides by their own interest. My node says their transactions are valid.
Rules, not rulers. Even when you don't like the rules.
And if you are throwing a hissy over these fees (they wil be temporary btw) what are you gonna do when BitVM starts swinging full force? Or when day to day businesses want to use #BTC?
These fees are still low compared with what will come.
And #Bitcoin has always been ready for it.
Hahahaha. Love the absolute disconnect from reality.
I feel UTXO management is not something most normies pay attention to...
Paying taxes is HUGE.
But they do. Ocean is doomed because the game theory won't support their business. But at the same time it's no different than the OFAC complient blocks.
Now, the attack or pressure on Core to address ordinals is more concerning. But needs to go through BIP anyway.
Luke "I fake lost my BTC to dodge taxes" or Luke "I can't keep my own server safe trust me"?
That Luke? Yeah, feeling is warranted.
I have told no one "I told you so" yet.
This is the more insane #BTC chart. Because the entire #crypto market collapsing into #bitcoin is the first step in hyperbitcoinization.
Watching #BTC % of my net worth to higher and higher is bitter sweet.
At the point you can no longer buy sats with paper.