{"type":"rich","version":"1.0","author_name":"npub1m6p5kgcd428x6pxyfege98zjmlwrdhp0gyz6pdnsvrvalscddnxqurdjn5","author_url":"https://nostr.ae/npub1m6p5kgcd428x6pxyfege98zjmlwrdhp0gyz6pdnsvrvalscddnxqurdjn5","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-04-07\n📝 Original message:I understand the theoretical benefits of multi-sig. But if you want\nto make this mind-numbingly simple, do it on the *existing* single-sig.\n\nBut why in the world do we not have a *business* that offers bitcoin\nwallet insurance? The bitcoin world (and this list) ran around blaming\nMtGox and users for being 'stupid' to trust mtgox.\n\nSo start a multi-level marketing business that offers *insurance* so\nif your bitcoin wallet gets hacked/stolen/whatever, your 'upstream'\nor whomever sold you the wallet comes to your house with a new \ncomputer or installs the new wallet software, or whatever, or just\nmakes it good.\n\nNow, if the **insurance underwriter** decides that multisig will \nreduce fraud, and **tests it**, then I'd say we do multi-sig. But right\nnow we are just a bunch of technology wizards trying to force our own\nopinions about what's right and 'simple' for end users without ever\nasking the damn end-users.\n\nAnd then we call the end-users idiots because some scammer calls them\nand says \"I'm calling from Microsoft and your computer is broke, please\ndownload this software to fix it\".\n\nMulti-sig is more magical moon-math that scammers will exploit to con\nyour grandma out of bitcoin, and then your friends will call her a stupid\nluddite for falling for it.\n\nFix the cultural victim-blaming bullshit and you'll fix the node bleeding\nproblem.\n\nOn Mon, Apr 07, 2014 at 10:15:15AM -0400, Eric Martindale wrote:\n\u003e We need to make it so mind-numbingly simple to \"run Bitcoin correctly\" that\n\u003e the average user doesn't find reasons to do so in the course of normal\n\u003e use.  Right now, Coinbase and Bitstamp are winning in the user experience\n\u003e battle, which technically endanger the user, and by proxy the Bitcoin\n\u003e network.\n\u003e \n\u003e Multi-sig as a default is a start.  It won't succeed unless the user\n\u003e experience is simply better than trusted third parties, but we need to\n\u003e start the education process with the very basic fundamental: trusting a\n\u003e third-party with full access to your Bitcoin is just replacing one\n\u003e centralized banking system with another.\n\u003e \n\u003e Eric Martindale\n\u003e Developer Evangelist, BitPay\n\u003e +1 (919) 374-2020\n\u003e On Apr 7, 2014 7:05 AM, \"Mike Hearn\" \u003cmike at plan99.net\u003e wrote:\n\u003e \n\u003e \u003e My guess is that a large number of users have lost interest after they\n\u003e \u003e\u003e lost their money in MtGox. The 24th of February coincides with the\n\u003e \u003e\u003e \"final\" shutdown\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e Sigh. It would not be surprising if MtGox has indeed dealt the community a\n\u003e \u003e critical blow in this regard. TX traffic is down since then too:\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e https://blockchain.info/charts/n-transactions-excluding-popular?timespan=60days\u0026showDataPoints=false\u0026daysAverageString=1\u0026show_header=true\u0026scale=0\u0026address=\n\u003e \u003e\n\u003e \u003e Judging from comments and the leaked user db, it seems a lot of well known\n\u003e \u003e people lost money there   (not me fortunately). I wish I could say people\n\u003e \u003e have learned but from the size of the deposit base at Bitstamp they clearly\n\u003e \u003e have not. A lot of Bitcoin users don't seem to be ready to be their own\n\u003e \u003e bank, yet still want to own some on the assumption everyone else either is\n\u003e \u003e or soon will be. So it's really only a matter of time until something goes\n\u003e \u003e wrong with some large bitbank again, either Bitstamp or Coinbase.\n\u003e \u003e\n\u003e \u003e Some days I wonder if Bitcoin will be killed off by people who just refuse\n\u003e \u003e to use it properly before it ever gets a chance to shine. The general\n\u003e \u003e public doesn't distinguish between \"Bitcoin users\" who deposit with a third\n\u003e \u003e party and the real Bitcoin users who don't.\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e ------------------------------------------------------------------------------\n\u003e \u003e Put Bad Developers to Shame\n\u003e \u003e Dominate Development with Jenkins Continuous Integration\n\u003e \u003e Continuously Automate Build, Test \u0026 Deployment\n\u003e \u003e Start a new project now. Try Jenkins in the cloud.\n\u003e \u003e http://p.sf.net/sfu/13600_Cloudbees_APR\n\u003e \u003e _______________________________________________\n\u003e \u003e Bitcoin-development mailing list\n\u003e \u003e Bitcoin-development at lists.sourceforge.net\n\u003e \u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e \u003e\n\u003e \u003e\n\n\u003e ------------------------------------------------------------------------------\n\u003e Put Bad Developers to Shame\n\u003e Dominate Development with Jenkins Continuous Integration\n\u003e Continuously Automate Build, Test \u0026 Deployment \n\u003e Start a new project now. Try Jenkins in the cloud.\n\u003e http://p.sf.net/sfu/13600_Cloudbees_APR\n\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\n\n-- \n----------------------------------------------------------------------------\nTroy Benjegerdes                 'da hozer'                  hozer at hozed.org\n7 elements      earth::water::air::fire::mind::spirit::soul        grid.coop\n\n      Never pick a fight with someone who buys ink by the barrel,\n         nor try buy a hacker who makes money by the megahash"}