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.
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.
Imagine how insane it would be to try to incorporate a retinal eye scanner into the bitcoin network.
That’s why worldcoin is a joke.
You CAN, TECHNICALLY, incorporate any feature into bitcoin - assuming, laughably, the entire network gets on board.
Everything about the way bitcoin works would have to change, and the whole thing breaks.
If it doesn’t work for bitcoin, it doesn’t work.
You can’t turn money into an app.
Reminding myself that efficiency is not about doing everything quickly.
Physically writing down tasks is slow, messy, and redundant compared to a digital to do list app. I have to keep a notebook on hand. But it’s improving my efficiency.
I fought against that idea for so long because it seemed inefficient. It’s just slow. Slow is not inefficient.
I mean it’s cool I guess that fidelity and blackrock and whoever the hell else are implementing ways for people to “invest” in bitcoin, but
why
would
i
do
that
[when I can self custody and be infinitely more secure, literally]
I’m worried this isn’t legitimizing bitcoin as money, it’s legitimizing bitcoin as crypto. Idk, someone give me a more optimistic take.