bradmillscan on Nostr: Does anyone use BIP85 to onboard friends and family in a way that you can hold their ...
Does anyone use BIP85 to onboard friends and family in a way that you can hold their keys for them to make onboarding to Bitcoin easier?
Looking for a good user experience around helping friends and family get setup with a bitcoin wallet where I can help them secure their keys until they are ready to go it alone.
Most people lose their keys, and holding a copy of everyone’s individual seed phrase is both a liability and not scalable.
I wish there was a way to onboard someone in your trust circle to a “starter wallet” as their Sherpa, where:
1) we didn’t have to go through the whole seed phrase / no 🔑 no 🧀 thing at the beginning of their stacking journey.
2) it doesn’t make security trade offs because I always have the ability to restore their funds if they screw up and switch phones or lose the keys or something.
3) the UX was smooth (not simply me generating BIP85 seed phrases and giving them to people to enter into their phone)
Anyone working on this trusted social onboarding tool?
Looking for a good user experience around helping friends and family get setup with a bitcoin wallet where I can help them secure their keys until they are ready to go it alone.
Most people lose their keys, and holding a copy of everyone’s individual seed phrase is both a liability and not scalable.
I wish there was a way to onboard someone in your trust circle to a “starter wallet” as their Sherpa, where:
1) we didn’t have to go through the whole seed phrase / no 🔑 no 🧀 thing at the beginning of their stacking journey.
2) it doesn’t make security trade offs because I always have the ability to restore their funds if they screw up and switch phones or lose the keys or something.
3) the UX was smooth (not simply me generating BIP85 seed phrases and giving them to people to enter into their phone)
Anyone working on this trusted social onboarding tool?