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I think physical wallets might be a requirement for crypto technologies to really go mainstream. Not because of any security reasons, but because it makes it ea

I think physical wallets might be a requirement for crypto technologies to really go mainstream. Not because of any security reasons, but because it makes it easier for the average person to understand why if they lose their private key their money/data/etc is gone. It's hard to communicate this with software wallets when every other system people use has recovery mechanisms.

k__ 4y ago
Account abstraction/Smart contract wallets might eliminate that problem. https://support.argent.xyz/hc/en-us/articles/360008828238-Guardian-approvals-needed- https://support.argent.xyz/hc/en-us/articles/360008828238-Gu...
rcme 4y ago
People lose their traditional physical wallets all the time. Rarely does that result in total destruction of their wealth.
- ris58h 4y ago
  it's not that easy to put a whole wealth in a wallet
- pavon 4y ago
  Exactly, because they would never carry their life savings with them in their wallet. People do things with software wallets that they wouldn't do with cash, which suggests we need better ways of conveying appropriate mental models of how these things work. Physical wallets might be a good approach, or people might treat them like debit cards instead of wallets.
- usefulcat 4y ago
  No but when that happens neither will they be surprised to lose any cash that was in the wallet.
maeln 4y ago
For the record, GNU Taler is not, and do not use, cryptocurrency. It is a decentralized payement system.
- aww_dang 4y ago
  Is it not centralized around the exchange provider? I'm just checking into it now. There's also a strong emphasis around KYC/AML and regulatory compliance generally. Presumably the exchange provider would be able to recover a wallet based on the KYC?
- pull_my_finger 4y ago
  IIRC it doesn't depend on crypto, but it can use crypto. One of the cool features is that you can use different currencies/tokens.

k__ 4y ago

Account abstraction/Smart contract wallets might eliminate that problem. https://support.argent.xyz/hc/en-us/articles/360008828238-Guardian-approvals-needed- https://support.argent.xyz/hc/en-us/articles/360008828238-Gu...

rcme 4y ago

People lose their traditional physical wallets all the time. Rarely does that result in total destruction of their wealth.

ris58h 4y ago
it's not that easy to put a whole wealth in a wallet
pavon 4y ago
Exactly, because they would never carry their life savings with them in their wallet. People do things with software wallets that they wouldn't do with cash, which suggests we need better ways of conveying appropriate mental models of how these things work. Physical wallets might be a good approach, or people might treat them like debit cards instead of wallets.
usefulcat 4y ago
No but when that happens neither will they be surprised to lose any cash that was in the wallet.

maeln 4y ago

For the record, GNU Taler is not, and do not use, cryptocurrency. It is a decentralized payement system.

aww_dang 4y ago
Is it not centralized around the exchange provider? I'm just checking into it now. There's also a strong emphasis around KYC/AML and regulatory compliance generally. Presumably the exchange provider would be able to recover a wallet based on the KYC?
pull_my_finger 4y ago
IIRC it doesn't depend on crypto, but it can use crypto. One of the cool features is that you can use different currencies/tokens.