will
@w
custodying your own crypto is like running your own mail server where things start, but not where they end (for better or worse) i am optimistic the end-state of crypto custody will be superior to the current state of mail clients, though (where you can arguably no longer run your own server bc of spam issues..)
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links đ´
@links
Moxie Marlinspike famously said that people donât want to run their own servers. I also think most people donât want to secure their own seed phrases.
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shazow
@shazow.eth
People want only throw, no take. If we ignore competing in a race to the bottom for a moment then it's less important what people want and more important what they're capable of doing vs what they're motivated to do.
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links đ´
@links
I think people would secure their own seed phrases if they saw the benefit, but what is the benefit to someone outside of crypto right now? Not much. If you want to attract non-crypto users, a sane default (for your valuable product) is to not have to worry about seed phrases.
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shazow
@shazow.eth
Yup, but that's a false dichotomy. Seeds are 2015 era thinking, we're moving beyond seeds. Moxie's "no one wants to run their own server" was also setting up a strawman. We don't need every user to run their own server for Ethereum to have the properties we want.
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links đ´
@links
I havenât set up a dichotomy so Iâm unsure whatâs false. Also it would appear that itâs you who is setting up a strawman as no one said users need to set up their own server for Ethereum to have the properties we want. đ Setting aside the pedantry, the core idea I was trying to articulate is that the technical hurdles one encounters to enter the blockchain space is unacceptable to most humans (given the value that is currently available to them). Just because you can accomplish something technically doesnât mean people will use it, even if itâs âgood for themâ. It takes a combination of strong value and ease-of-use. Signal made it easy to have e2e encrypted chats. I got my parents on it by only sharing baby pics via Signal. Value and ease-of-use.
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shazow
@shazow.eth
sorry i thought we were both talking about these posts https://signal.org/blog/the-ecosystem-is-moving/ https://moxie.org/2022/01/07/web3-first-impressions.html
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links đ´
@links
These are good ones, thanks for the read!
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will
@w
++
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