2 ms·

There is definitely a level in between 'all my stuff is owned by coinbase' and 'all my stuff is owned by me, behind a private key I have to manage'. For example

There is definitely a level in between 'all my stuff is owned by coinbase' and 'all my stuff is owned by me, behind a private key I have to manage'. For example, there are non-custodial wallets where the wallet is still yours and can't be claimed or blocked by some third party that do have social recovery mechanisms that just require you to trust a few people in your life to cooperate to help you if you lose your wallet. I think these kinds of services are going to be very useful if crypto achieves wide adoption. https://www.argent.xyz/faq/ https://www.argent.xyz/faq/

thinkmassive 4y ago
One very interesting technology for semi-trusted setups in the Bitcoin space is federated Chaumian mints[0]. This provides the best of both worlds: positive user experience (especially for less technical users) and reduction of overall centralization. An implementation called MiniMint[1] is already in the works. 0: https://fedimint.org/ https://fedimint.org/ 1: https://github.com/fedimint/minimint https://github.com/fedimint/minimint