Thomas Templeton

I want to stress how cool it was for @JoelBomgar to send Bitcoin out to people, including me, to try out a @Bitkey wallet Bitkey is a product by @jack Dorsey from @blocks @Square and @CashApp. It’s my opinion that Jack and his team is spreading adoption more than any squad out there and Bitkey is just another way they are bridging a gap in mass adoption; self custody I was originally not interested in this wallet because it’s not fully “sovereign”. Block holds one of 3 keys. However, the more I learned about it, the more I think it’s solving some of the hardest problems to solve in the space It’s a multi-sig set up by default; One key encrypted in your phone, one on the device which has facial recognition and fingerprint, and Block keeps the third one on their server. Since you need 2 of 3 to sign a tx, you are in control and Block can’t do anything. This solves the need for storing 12-24 words and eliminates the risk of that single point of failure exposure. 99% of the time, people shoot themselves in the foot when it comes to self custody by exposing keys or losing them. With a recovery contact set up in Bitkey, you can even lose the device AND your phone at the same time and still recover your wallet with a forced waiting period and your consent. There is also what they call an emergency exit kit so even if block magically vanished you would have the ability to rebuild this multi sig wallet at your convenience to recover it. It also has a neat inheritance feature. I encourage everyone to learn how these features work before you pass judgment on the accessibility Is it as sovereign as a 2 of 3 where you own all 3 keys? No. And that’s the entire concept. It’s a self custody solution that serves the largest demographic of people; those who don’t want to mess with the complexity of traditional self custody. It’s a step forward imo Even as somewhat of a wallet snob, I can say that this is a wallet that I am actually going to use and keep a modest amount on. Well done Block, and thank you Joel