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Variations of this have been tried many times, for example hardware wallets. But a lot of this is too troublesome or adds too many hoops to jump through than i
by bredren 4y ago
Variations of this have been tried many times, for example hardware wallets.
But a lot of this is too troublesome or adds too many hoops to jump through than is practical for many people.
- Animats 4y agoYes. Someone has to get the user experience right.
- bredren 4y agoFWIW, that user experience is most likely Coinbase, or something very much like Coinbase. Not only is the UX good, but customer funds are taken seriously now and have been for a long time.
- Animats 4y agoCoinbase still has custody of customer assets, though. That's what has to be either eliminated or insured to avoid trouble.
- bredren 4y agoTo avoid what trouble, specifically? If it’s risk of customer funds mismanagement, coinbase is just not in the same galaxy as the folks who have blown customer trust. If it’s securing funds, to prevent hacks, CB offers cold storage. Lumps of crypto can be transferred out of their control as needed to manage risk.