GrumpyG on Nostr: I think a hardware wallet with a secret passphrase is the best self custody solution ...
I think a hardware wallet with a secret passphrase is the best self custody solution for most. Jade is excellent for this. They need their device and a pin. Same set up asost bank accounts... You have your debit card and your pin.
And it's not about managing a single key, it's about managing multiple keys. First off, the concept scares most away and I think the complexity increases the chance of failure.
For some, custodial solutions will be the best whether the Bitcoin community wants to accept that or not. People want simple.
Published at
2024-10-06 15:15:39Event JSON
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"content": "I think a hardware wallet with a secret passphrase is the best self custody solution for most. Jade is excellent for this. They need their device and a pin. Same set up asost bank accounts... You have your debit card and your pin. \n\nAnd it's not about managing a single key, it's about managing multiple keys. First off, the concept scares most away and I think the complexity increases the chance of failure.\n\nFor some, custodial solutions will be the best whether the Bitcoin community wants to accept that or not. People want simple. ",
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