rich1.0npub1m6p5kgcd428x6pxyfege98zjmlwrdhp0gyz6pdnsvrvalscddnxqurdjn5https://nostr.ae/npub1m6p5kgcd428x6pxyfege98zjmlwrdhp0gyz6pdnsvrvalscddnxqurdjn5njumphttps://nostr.ae📅 Original date posted:2014-04-07 📝 Original message:I understand the theoretical benefits of multi-sig. But if you want to make this mind-numbingly simple, do it on the *existing* single-sig. But why in the world do we not have a *business* that offers bitcoin wallet insurance? The bitcoin world (and this list) ran around blaming MtGox and users for being 'stupid' to trust mtgox. So start a multi-level marketing business that offers *insurance* so if your bitcoin wallet gets hacked/stolen/whatever, your 'upstream' or whomever sold you the wallet comes to your house with a new computer or installs the new wallet software, or whatever, or just makes it good. Now, if the **insurance underwriter** decides that multisig will reduce fraud, and **tests it**, then I'd say we do multi-sig. But right now we are just a bunch of technology wizards trying to force our own opinions about what's right and 'simple' for end users without ever asking the damn end-users. And then we call the end-users idiots because some scammer calls them and says "I'm calling from Microsoft and your computer is broke, please download this software to fix it". Multi-sig is more magical moon-math that scammers will exploit to con your grandma out of bitcoin, and then your friends will call her a stupid luddite for falling for it. Fix the cultural victim-blaming bullshit and you'll fix the node bleeding problem. On Mon, Apr 07, 2014 at 10:15:15AM -0400, Eric Martindale wrote: > We need to make it so mind-numbingly simple to "run Bitcoin correctly" that > the average user doesn't find reasons to do so in the course of normal > use. Right now, Coinbase and Bitstamp are winning in the user experience > battle, which technically endanger the user, and by proxy the Bitcoin > network. > > Multi-sig as a default is a start. It won't succeed unless the user > experience is simply better than trusted third parties, but we need to > start the education process with the very basic fundamental: trusting a > third-party with full access to your Bitcoin is just replacing one > centralized banking system with another. > > Eric Martindale > Developer Evangelist, BitPay > +1 (919) 374-2020 > On Apr 7, 2014 7:05 AM, "Mike Hearn" <mike at plan99.net> wrote: > > > My guess is that a large number of users have lost interest after they > >> lost their money in MtGox. The 24th of February coincides with the > >> "final" shutdown > > > > > > Sigh. It would not be surprising if MtGox has indeed dealt the community a > > critical blow in this regard. TX traffic is down since then too: > > > > > > https://blockchain.info/charts/n-transactions-excluding-popular?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= > > > > Judging from comments and the leaked user db, it seems a lot of well known > > people lost money there (not me fortunately). I wish I could say people > > have learned but from the size of the deposit base at Bitstamp they clearly > > have not. A lot of Bitcoin users don't seem to be ready to be their own > > bank, yet still want to own some on the assumption everyone else either is > > or soon will be. So it's really only a matter of time until something goes > > wrong with some large bitbank again, either Bitstamp or Coinbase. > > > > Some days I wonder if Bitcoin will be killed off by people who just refuse > > to use it properly before it ever gets a chance to shine. The general > > public doesn't distinguish between "Bitcoin users" who deposit with a third > > party and the real Bitcoin users who don't. > > > > > > ------------------------------------------------------------------------------ > > Put Bad Developers to Shame > > Dominate Development with Jenkins Continuous Integration > > Continuously Automate Build, Test & Deployment > > Start a new project now. Try Jenkins in the cloud. > > http://p.sf.net/sfu/13600_Cloudbees_APR > > _______________________________________________ > > Bitcoin-development mailing list > > Bitcoin-development at lists.sourceforge.net > > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > > > > ------------------------------------------------------------------------------ > Put Bad Developers to Shame > Dominate Development with Jenkins Continuous Integration > Continuously Automate Build, Test & Deployment > Start a new project now. Try Jenkins in the cloud. > http://p.sf.net/sfu/13600_Cloudbees_APR > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development at lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development -- ---------------------------------------------------------------------------- Troy Benjegerdes 'da hozer' hozer at hozed.org 7 elements earth::water::air::fire::mind::spirit::soul grid.coop Never pick a fight with someone who buys ink by the barrel, nor try buy a hacker who makes money by the megahash