And I can call my bank when I get scammed unlike whatever crypto thing you're trying to sell in this post
It'll be replaced by Wero at some point. Wero is being rolled out in other European countries right now:
The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
The last thing isn't a wallet, it is a cryptographic signer.
I earnestly thought "Apple Pay" was going to be the example, and this post's title would be updated with [2014]. I'm not clear how the vault solves a problem anybody has in an era where Apple Pay and its contemporaries exist. I'm fairly sure if you'd described the Apple/Google Pay features to someone in 1990, they'd think something approximating "yeah that sounds like a good target".
Regarding payments, as I had wrote in some another comment here where I basically wrote a article, the gist of it is that I believe that we need a system where stripe's payment integration doesn't need us to have insane kyc requirements and we can just sign up to stripe using a account and then start paying / accepting just as it can happen in roblox. I am pretty sure that stripe had launched some cryptocurrency features and there was this guy on twitter who was requesting a stripe card where they can pay stripe balance to other stripe accounts instead of waiting 14 days to redeem it and then spend it, I don't know the progress of it but seriously stripe just has to do these two things:-
1) make kyc less strict, allow ways to earn money by having a payment method just via having an account, no need to do entire kyc 2) allow payments from those accounts to anywhere stripe is valid.
I am not sure why they don't do it. This thing can honestly put most of my usecases of crypto to bed and I wouldn't even mind a 1-2% cut tbh.
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Passkey - what would happens when we lost the device? You need some kind of recovery, right?
Social recovery - of course you could do that. Are you doing one recovery for all accounts (which require some kind of "wallet" stored in a centralized location - and can be disabled)? Or one for each services (which may make your grinder account known to your family)?
How about tourists? When you lost your phone while you are traveling in other country, what should you do?
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Agreed it's bad. No basis for changing it provided. No premise for 'better' there. No actual thought
Here is an article that I created just in this response right now, I am sorry that y'all would have to click on it and see but I don't want to clutter hackernews comments with a really really long paragraph
https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to...
Most of it is just written in first draft ofc but I have been thinking to write something along these lines for a long time. It drives me absolutely nuts how bitcoin was meant to be "digital gold" and we truly have digital gold on blockchain (paxg) but nobody seems to care that much about it. I feel insane thinking about it.
Anyways, I hope you guys have a great day, maybe give what I wrote a read and we can discuss it in this comments. I might upload it as a standalone hn post if people find it interesting but my goal right now was to vent of all the anger that I have so its definitely not structured rightly but still. anyways, have a good day.
Blockchain's answer is "OK we give up on trust", but humans can't live that way--or at least strongly don't want to. Successful markets, courts, schools, workplaces, all arise out of a culture of trust and accountability, not the other way around. Unless we hold these institutions accountable they will inevitably decay; our markets will become lemon markets; our courts will become kangaroo courts; our schools will become insipid daycares; our workplaces will become surveillance salt mines. There is no technology that allows us to abdicate our duty to justice and to each other.
There's this episode of Star Trek: TNG [1] where the crew rescues some 20th century humans. One's a blowhard who keeps using ship-wide communications to make random demands, so Picard finally marches down to the guy's quarters to explain that comms are for ship business only. The guy is like "well if they're so important why don't they require an executive key?", to which Picard replies "we're aboard a starship so that is not necessary, we're all capable of exercising self-discipline".
There is no tech, no bureaucracy, no system of rules and regulations that can save a culture unwilling to save itself, whose answer to "what is acceptable to do" is "anything that isn't explicitly illegal, and sometimes explicitly illegal stuff depending on how much money you have". If we spent 1/100 of the effort on community building as we did zk-snarks or whatever the fuck, we simply wouldn't have these problems. Or as the kids say I guess, touch grass.
It’s a shame not many have experienced where two such apps exist. Welcome to the wonderful convenience called Alipay and WeChat.
