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mteam88 | 2 years ago

Huh? Every single one of these things is being worked towards by crypto companies.

1. Seed phrase security -> Ledger, Safe Multisig [3], Privy (sso for wallets) [0]

2. MFA for crypto wallets -> Ledger, Safe Multisig [3]. Both recommended by the crypto community.

3. Warnings pre-transaction for suspicious signing requests -> Fire Extension includes warnings [1], wallets like Rabby [2] include presigning warnings, Safe Wallet [3] includes simulations builtin

4. Wallet insurance -> A few startups [4], provided by crypto exchanges, generally not needed with other precautions in place.

* Easy onboarding

1. Easy onboarding -> Account Abstraction in general [5], Alchemy infrastructure [6], Privy wallets [0], Coinbase Wallet-as-a-Service [7], Magic.link wallets [8] and MANY more .

* UI/UX 1. Hard to use/exotic -> Crypto IS exotic. Wallets like Coinbase Wallet [9], Rainbow Wallet [10] abstract away most of the crypto details. Phantom Wallet [11] has a great UI/UX.

[0] https://www.privy.io/features/auth [1] https://www.joinfire.xyz/ [2] https://rabby.io/#:~:text=Pre%2Dsign%20check%20for%20Securit... [3] https://safe.global/ [4] https://boostinsurance.com/platform/crypto-wallet/ [5] https://metamask.io/news/latest/account-abstraction-past-pre... [6] https://www.alchemy.com/account-abstraction-infrastructure [7] https://docs.cloud.coinbase.com/waas/docs/welcome [8] https://magic.link/docs/authentication/overview [9] https://www.coinbase.com/wallet [10] https://rainbow.me/ [11] https://phantom.app/

PS. "Debunked and dumb ideas" is a gross generalization. Please provide details about how "crypto" has been "debunked" ?? Human greed fuels the capital markets of the USA. All innovation boils down to human greed at some point. We all want "cheaper, faster, easier" so we innovate to get there (insert crypto here.)

discuss

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blackbeam|2 years ago

Thanks for the detailed comments, I think this is what we need for a proper discussion, instead of those non-sense comments.