mleku on Nostr: another of jack's travesties: > In 2013, seed phrases were a major step forward — ...
another of jack's travesties:
> In 2013, seed phrases were a major step forward — replacing private keys and their unwieldy string of numbers and letters with a simple set of real words. They made recovering lost wallets easier and helped bring self-custody to more people. But today, they remain a single point of failure and as Bitcoin becomes more mainstream, a reason people choose not to hold their own Bitcoin.
>
> We’ve seen seed phrases lost, stolen, tossed in the trash, and burned in fires. We’ve heard from people too nervous to set up a wallet because they don’t trust themselves to store one phrase forever. Still, for more than a decade, wallets have continued to build new features on top of that same fragile foundation.
>
> We know there’s not one right way to self-custody. And for some people, seed phrases still make sense. But if Bitcoin is going to be the money of the future, it needs to fit into the lives of the people who will use it.
>
> That’s why we built Bitkey — to make self-custody work for as many people as possible.
>
> This is just one step forward, and an invitation to continue innovating on a project we all deeply believe in.
>
> To learn how Bitkey recovery works without a seed phrase, head to bitkey.world.
notice how they didn't say they are, or aren't keeping your key on their servers or not
because obviously they must be, and obviously they don't require you to set some password to decrypt it, so they have you fucking key
but of course they aren't gonna say that because they want as many suckers as possible to sign up for this and dump shittons of SATS into it (oh no, not bitcoins) so they can bail themselves in when their entire scam gets revealed and their fiat bank balance goes tits up and they are in receivership, at least they can pay off their creditors with YOUR sats
Published at
2025-05-28 15:54:49Event JSON
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"content": "another of jack's travesties:\n\n\u003e In 2013, seed phrases were a major step forward — replacing private keys and their unwieldy string of numbers and letters with a simple set of real words. They made recovering lost wallets easier and helped bring self-custody to more people. But today, they remain a single point of failure and as Bitcoin becomes more mainstream, a reason people choose not to hold their own Bitcoin.\n\u003e \n\u003e We’ve seen seed phrases lost, stolen, tossed in the trash, and burned in fires. We’ve heard from people too nervous to set up a wallet because they don’t trust themselves to store one phrase forever. Still, for more than a decade, wallets have continued to build new features on top of that same fragile foundation.\n\u003e \n\u003e We know there’s not one right way to self-custody. And for some people, seed phrases still make sense. But if Bitcoin is going to be the money of the future, it needs to fit into the lives of the people who will use it. \n\u003e \n\u003e That’s why we built Bitkey — to make self-custody work for as many people as possible.\n\u003e \n\u003e This is just one step forward, and an invitation to continue innovating on a project we all deeply believe in.\n\u003e \n\u003e To learn how Bitkey recovery works without a seed phrase, head to bitkey.world.\n\nnotice how they didn't say they are, or aren't keeping your key on their servers or not\n\nbecause obviously they must be, and obviously they don't require you to set some password to decrypt it, so they have you fucking key\n\nbut of course they aren't gonna say that because they want as many suckers as possible to sign up for this and dump shittons of SATS into it (oh no, not bitcoins) so they can bail themselves in when their entire scam gets revealed and their fiat bank balance goes tits up and they are in receivership, at least they can pay off their creditors with YOUR sats",
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}