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117 sats \ 3 replies \ @moneyball 17h \ parent \ on: Photon SDK for seedless bitcoin wallet designs bitcoin
The comparison to Bank of America is also FUD. What is the Bank of America equivalent of using your own Electrum server and Emergency Exit Kit?
It may be the case surveying average bitcoiners would have them think this, which is why I like to call out the FUD so people aren't tricked.
Also, if Bitkey makes design decisions that make it so other wallet software cannot recover their wallets, I think this is a trade off and should be discussed as such.
If you want to do advanced things, at least make it so you can restore the wallet in Core.
My earlier point about using a public electrum server and the Emergency Kit is that such a recovery flow is significantly more difficult than importing seeds. It's a trade off.
But Bitkey's language about this has not exactly been nuanced. "Seedless is safer" is a strong statement. They are free to market however they like, but my questions about vendor lock in are certainly not as strongly worded as their absolute claims to better safety.
If you wish to pursue clarity, I'm surprised you are willing to accept the "seedless is safer" claim at face value.
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I've commented about this at length on X and on stage at the Vegas conference.
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I listened to the panel you moderated about seed words at Vegas, but as moderator I understand it was not your role to weigh in too heavily. Was there another talk at Vegas where you commented about the trade offs of the seedless design?
I'll go read what you've said on X.
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