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> Try giving a user a private key for making CNP transactions, I have that! > and all you will have achieved is replicating the user experience of bitcoin. I
by boomlinde 6y ago
> Try giving a user a private key for making CNP transactions,
I have that!
> and all you will have achieved is replicating the user experience of bitcoin.
I've never used bitcoin or any other cryptocurrency. What's the user experience like?
- GoblinSlayer 6y agoYou just have the target wallet address and the "send" button, zero bullshit, like paper money.
- gooseberry 6y ago> zero bullshit lol
- seized 6y agoExcept for drawing the rest of the owl... Getting a wallet, the knowledge of keeping it secure, transferring real money to crypto, knowing which crypto system to choose/use.... There's a lot of layers of "bullshit" before you get to "Just hit send".
- michaelt 6y ago> I've never used bitcoin or any other cryptocurrency. What's the user experience like? I would describe the first-time-user onboarding procedure as "complex enough that it's unlikely to become mainstream"
- boomlinde 6y agoThen it doesn't reflect my experience of cardless transactions with a private key. Everyone uses it here to sign bank transactions online, for a popular phone-number based transaction service and for government official purposes, like signing your tax declaration form. I have it on the phone, and other apps can request a signature via an API, at which point I get prompted with information on who and what I'm signing for, and for my six digit PIN. Onboarding is elaborate to avoid fraud, but not really complicated, and basically a necessity if you don't want to have to go to a bank office to manage your account and make transactions.