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a future with people holding their bitcoins in custodian banks sucks, how are we even different than the current system then? totally agree that better key management is the need of the hour
Sorry, this is bullshit. A specialist custodian with well enforced processes and procedures will always do a better job than the vast majority of individuals could themselves. Not using one (and losing your private keys as a result) would be a rookie mistake.
So you mean a bank that holds your money for you? Don’t we have that already? Why add crypto?
Yes. Good question. I don’t know. Because you believe in the economic design of BTC as a currency? (I don’t think that’s very popular either btw)
If you’re point is that Bitcoin is only really of practical use to a very small subset of people that can adequately protect their private keys then I agree. I think that is a massive problem. It’s why I moved on. I want to make something people can actually use. So does the OP.
Ok. But just to be clear you are moving on from cryptocurrency? The OP said this is what cryptocurrency should be... the banking system exactly as it was, recreated
Yes, I had same observation as OP fairly early on but realised (as you and Nick have pointed out) that this renders cryptocurrency a massive waste of time apart from possibly (if it’s design is right) as an effective store of wealth.
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