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I think everyone will have different behavior sec for their funds, with the options now ranging from simply committing a 12 or 24 word seed phrase to memory and

by jekrb 3y ago

I think everyone will have different behavior sec for their funds, with the options now ranging from simply committing a 12 or 24 word seed phrase to memory and buying ETF shares. There is shamir secret splitting, multisig, MPC, secure enclaves with biometerics, etc... There will be apps like Fuse wallet: https://www.fusewallet.com/ https://www.fusewallet.com/ There will be phones like Saga: https://solanamobile.com/hardware https://solanamobile.com/hardware I think how one handles their wallets will be much like how people make their espressos. Some will just stick k-cup in a machine and hit a button, others will become full-blown coffee enthusiasts that carefully measure their beans, de-static their grinds, and extract for the exact right amount of time.

lxgr 3y ago
> simply committing a 12 or 24 word seed phrase to memory That's absolutely out of the question for almost any human being, especially given the timeframes involved. > There will be phones like Saga [...] There will be apps like Fuse wallet: [...] Again, we're talking about a timeframe of decades. How many of these will even still boot up after that amount of time? None of these seem safe to just throw in a bank safe deposit box. > make their espressos. Some will just stick k-cup in a machine and hit a button I'm really not a coffee connoisseur by any meaning of the word, but even I know that what comes out of a k-cup machine is brewed coffee, not espresso.
- jekrb 3y ago
  My point is there are thousands of ways to handle your wallets, I don't think there will be one average way. The ETF is probably the equivalent of this "espresso style" k-cup https://www.keurig.com/Beverages/Dark-Roast/Espresso-Style-Coffee/p/espresso-style-coffee-cafe-bustelo-k-cup#24_CT https://www.keurig.com/Beverages/Dark-Roast/Espresso-Style-C...
- k12sosse 3y ago
  > I'm really not a coffee connoisseur by any meaning of the word, but even I know that what comes out of a k-cup machine is brewed coffee, not espresso. No, that's his passphrase

by jekrb 3y ago

lxgr 3y ago

> simply committing a 12 or 24 word seed phrase to memory That's absolutely out of the question for almost any human being, especially given the timeframes involved. > There will be phones like Saga [...] There will be apps like Fuse wallet: [...] Again, we're talking about a timeframe of decades. How many of these will even still boot up after that amount of time? None of these seem safe to just throw in a bank safe deposit box. > make their espressos. Some will just stick k-cup in a machine and hit a button I'm really not a coffee connoisseur by any meaning of the word, but even I know that what comes out of a k-cup machine is brewed coffee, not espresso.

jekrb 3y ago
My point is there are thousands of ways to handle your wallets, I don't think there will be one average way. The ETF is probably the equivalent of this "espresso style" k-cup https://www.keurig.com/Beverages/Dark-Roast/Espresso-Style-Coffee/p/espresso-style-coffee-cafe-bustelo-k-cup#24_CT https://www.keurig.com/Beverages/Dark-Roast/Espresso-Style-C...
k12sosse 3y ago
> I'm really not a coffee connoisseur by any meaning of the word, but even I know that what comes out of a k-cup machine is brewed coffee, not espresso. No, that's his passphrase