ar1xjl on nostr

Seed phrases were a big UX improvement more than a decade ago. But today better solutions exist. In our last blog post we lay out why Bitkey is different: https://bitkey.build/seedless-is-safer/

Hobbit @ar1xjl 1748361797

Help me understand why is it better to have to rely on a third party?
I understand it is a simple first step for improving custody over having the coins in an exchange.
But why is it better that safeguarding your keys?

Is the third party gonna be there without policy changes in two or three decades? how about in a couple of generations?

5❤️5💯2

Judge Hardcase · 47w

People need to be aware of the trade-offs when they trade personal responsibility for convenience. What made seed phrases such a great improvement was the added convenience without abdicating any personal responsibility.

DETERMINISTIC OPTIMISM 🌞 · 47w

"Trust me"

jack · 47w

should be able to eventually choose your own third party, don't need to trust us.

Thomas · 47w

There's no 3P reliance on Bitkey. Customers can always unilaterally exit without Block Servers or the Bitkey App using the Emergency Exit Kit. https://support.bitkey.world/hc/en-us/sections/37470033273236-Emergency-Exit-Kit