I must be psychic. I just made the decision to stop using Casa yesterday, and moved my funds to my hardware wallet.
I feel multisig is just plain unnecessary, and overcomplicates self custody. If you have multiple parties involved, I can see it being useful, but not for single holders.
For me multisig is about preventing a 5$ wrench attack tbh. I don't want to put myself in the situation where I can reveal my passphrase under threat of physical violence so I distributed the keys geographically.
Idunno, of course it depends on how much you have, but maybe consider just doing your own multisig. Maybe a 2 of 3. Basically every company that can leak customer info will or already has.
Really disappointed. I will probably be moving to a more Bitcoin focused service, or moving away from using multisig altogether. Irritated about the hassle and risk of needing to do this
Indeed. I meant specifically when one of the keys is held by a trusted 3rd party as a way to guard against loss. This dramatically reduces my faith in Casa to fulfil this job over the long term
Every Bitcoin-only company eventually becomes a shitcoin company. The only unknowns are when and whether any Bitcoin influencers will apologize for promoting the company (usually none, because influencers in general have no scruples).
Will I be able to store my stablecoins, ERC-20 tokens, or NFTs? -
Members will be able to secure only ETH and/or BTC at initial launch. We are taking a thoughtful and strategic approach about what we choose to build, and we are carefully evaluating what aligns with our technology and our privacy and security standards.
This is a bummer, but it's also not completely surprising. They probably need to do this to expand their customer base. You saw the same thing at Trezor.
Note to self: don't make your business expensive to run, because you'll begin making sacrifices to feed it.
Ever since they quit their lightning node supply they have been making bad business decisions, they want to do minimal coding/work and collect all the fiat.
2021: "The investment comes with a board seat for Avon partner Sachin Patodia, Casa CEO Nick Neuman told CoinDesk. Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau and Coinbase Ventures also participated in the round"
Well look at that. Accept money from shitcoiners, win shitcoiner prizes.
I would assume that even with the increase in bitcoin ownership and the drive now for self custody as people see the need for it, its still not enough to keep that business model going.
Pity they couldn't pivot into other bitcoin services, like offering lightning node support like Voltage
But I assume that the VCs that arent stillmark want user growth at all cost
Bitcoin only business don't make sense for the most part, today. It's going to require years of loss-leading before bitcoin-only makes sense economically.
Going #bitcoin-only was the easiest decision we ever made. It enables us to focus on optimizing the security of your wealth while building great products designed specifically for the bitcoin holder.
We also get to work with the best clients in the world.
TBH, I'm really surprised they didn't support the second biggest crypto sooner. I think they've probably missed a BIG opportunity at the beginning of the bear market to get more people to use it.
Wow, time to slay another hero. Lopp is gonna take one on the chin for this.
Complexity is the enemy of security. This is not good.
I must be psychic. I just made the decision to stop using Casa yesterday, and moved my funds to my hardware wallet.
I feel multisig is just plain unnecessary, and overcomplicates self custody. If you have multiple parties involved, I can see it being useful, but not for single holders.
100% this, one single hardware wallet with a passphrase is all one needs.
For me multisig is about preventing a 5$ wrench attack tbh. I don't want to put myself in the situation where I can reveal my passphrase under threat of physical violence so I distributed the keys geographically.
Use un-memorable passphrase and store elsewhere, pseudo-multisig without extra costs / signing friction
Idunno, of course it depends on how much you have, but maybe consider just doing your own multisig. Maybe a 2 of 3. Basically every company that can leak customer info will or already has.
I wonder if it would make sense for a family trust where keys are passed on generationally
Never take money from shitcoiner VCs.
Bear market is brutal hah
Their post about diversity few months ago should tell you all you needed to know. This shit was coming.
Really disappointed. I will probably be moving to a more Bitcoin focused service, or moving away from using multisig altogether. Irritated about the hassle and risk of needing to do this
Sparrow is pretty good for multi-sig
Indeed. I meant specifically when one of the keys is held by a trusted 3rd party as a way to guard against loss. This dramatically reduces my faith in Casa to fulfil this job over the long term
check out unchained capital if you still seek a trusted 3rd party.
is this real? what is this webpage?
Also available on twitter https://twitter.com/CasaHODL/status/1597954403994021888
From their newsletter. Also visible on their website
yeah i got the email. just didn't know what this landing site was.
Every Bitcoin-only company eventually becomes a shitcoin company. The only unknowns are when and whether any Bitcoin influencers will apologize for promoting the company (usually none, because influencers in general have no scruples).
ETH support originally announced Aug 21, 2018: https://mobile.twitter.com/CasaHODL/status/1031912399673155592
It was single sig only IIRC, and lasted less than a year: https://mobile.twitter.com/CasaHODL/status/1162725008118091777
They did a good job of getting people to forget about that. It's bizarre that they've returned to the pig's trough despite their previous experience.
Slippery slope to shitcoinery?
Really? 🤥
Mostly their shitcoiner board members
Is this for stable coins? I'm confused
Probably a factor, but for now…
I don't understand why you need such big semi-custodian security for ETH.
If your funds get stolen from metamask, you can just plead vitalik and the Ethereum Foundation to roll back the chain.
This is a bummer, but it's also not completely surprising. They probably need to do this to expand their customer base. You saw the same thing at Trezor.
Note to self: don't make your business expensive to run, because you'll begin making sacrifices to feed it.
great comment, I'm ignorant on Wallet biz but what are the Operational cost of it?
Not a good look. Especially considering that they removed old blogposts and other things that stated their "principles."
Focus is important.
Nitter mirrors: A, B
They made me check if today is April's fools. If they follow through, what a shame...
Ever since they quit their lightning node supply they have been making bad business decisions, they want to do minimal coding/work and collect all the fiat.
2021: "The investment comes with a board seat for Avon partner Sachin Patodia, Casa CEO Nick Neuman told CoinDesk. Tioga Capital, Castle Island, Cadenza, Champion Hill, Compound VC, Precursor, Lerer Hippeau and Coinbase Ventures also participated in the round"
Well look at that. Accept money from shitcoiners, win shitcoiner prizes.
Fuck these people, use Unchained instead.
Yeah fuck casa and their overpriced product...
lol
I would assume that even with the increase in bitcoin ownership and the drive now for self custody as people see the need for it, its still not enough to keep that business model going.
Pity they couldn't pivot into other bitcoin services, like offering lightning node support like Voltage
But I assume that the VCs that arent stillmark want user growth at all cost
i was so much hoping to see lightning support on that wallet!!
I just don’t understand how anyone can be in board with ETH when they had a FUCKING PREMINE!!!
It's ok to hit those people.
heathens!
WTF?
🤮🤮🤮
Bitcoin only business don't make sense for the most part, today. It's going to require years of loss-leading before bitcoin-only makes sense economically.
It sounds like they were on track to bankruptcy and think that shitcoining will save them.
Casa is probably not a good option for real cold storage solutions (sparrow wallet multisig or unchained for support)
There are some pros:
Trojan horse to convert users via exposing them to bitcoin and dispelling "lack of innovation" memes
Meanwhile, over on the competitor's Twitter feed:
https://twitter.com/unchainedcap/status/1597970004867092483 [Nitter]
Never trust anything
Gross..
TBH, I'm really surprised they didn't support the second biggest crypto sooner. I think they've probably missed a BIG opportunity at the beginning of the bear market to get more people to use it.
Quite a few years back they did briefly support ethereum and litecoin, then stopped in 2019.
Let's look at the silver lining: all ETHheads adopting Casa will be only one QR code away from stacking bitcoins when the time comes...
Woke shitcoiners. Let them go REKT.
River.com