good luck building a good UX for a financial system where a small OpsSec error can wipe out your family's fortune.
And you need the private keys to conduct business so obvi they can exit the HSM
And if my 1M USD bitcoin is in some hardware wallet, won't that just incentivize someone to kidnap my kids until i send bitcoin, much like bitcoin breathed new life into ransonware economy after banks mostly shut it down?
Perhaps, despite the examples of ICOs, EVM smart contracts, NFT rugs, and the general flood of fake discords and so on, people assume the central banks and retail banks are a bigger threat than the criminal minds attracted to untraceable and unreversable payment methods?
> And you need the private keys to conduct business so obvi they can exit the HSM
While I agree with you in general, this is false; the whole point is that the HSM can sign transactions using the keys inside it but will never expose them to outside.
I don't understand your response. I wasn't debating the intricacies of self-sovereignty. I was pointing out that your understanding of hardware wallets is wrong.
> good luck building a good UX for a financial system where a small OpsSec error can wipe out your family's fortune
lanstin|3 years ago
And you need the private keys to conduct business so obvi they can exit the HSM
And if my 1M USD bitcoin is in some hardware wallet, won't that just incentivize someone to kidnap my kids until i send bitcoin, much like bitcoin breathed new life into ransonware economy after banks mostly shut it down?
Perhaps, despite the examples of ICOs, EVM smart contracts, NFT rugs, and the general flood of fake discords and so on, people assume the central banks and retail banks are a bigger threat than the criminal minds attracted to untraceable and unreversable payment methods?
lmm|3 years ago
While I agree with you in general, this is false; the whole point is that the HSM can sign transactions using the keys inside it but will never expose them to outside.
_xrp0|3 years ago
> good luck building a good UX for a financial system where a small OpsSec error can wipe out your family's fortune
Define "small" lol