This is a great article! My only nitpick is that you should be pointing people to Bitwarden, not LastPass. (LP has been collapsing under it's own weight for nearly a decade, and BW's free plan has more features than the former's paid plan.)
I've heard lots of good things about 1Password, too. When I switched to Bitwarden six(?) years ago, 1Password didn't support Linux and I didn't own a Mac, so I don't personally have any experience with it!
Jay - on claim #3: You have overlooked MPC wallets like ZenGo. On-chain, but no private key to have lost or stolen. Uses 3D liveness biometrics to ensure simply recovery (your face) but can't get hacked.
Thanks for sharing. Nice to read the other perspective.
I think implied in 'use case' is the word good or bad here, a subjective statement.
Just as shitcoin might be bad for most, but good for the scammer.
But I learned something new here, especially his comment...
A blockchain is not a database. People may say that it is, as an anology to help someone understand it. But there is not a single project that uses a blockchain in the same way you'd use a database: it's vastly too slow and too expensive.
This is a great article! My only nitpick is that you should be pointing people to Bitwarden, not LastPass. (LP has been collapsing under it's own weight for nearly a decade, and BW's free plan has more features than the former's paid plan.)
My brother said the same thing and suggested 1Password!
I've heard lots of good things about 1Password, too. When I switched to Bitwarden six(?) years ago, 1Password didn't support Linux and I didn't own a Mac, so I don't personally have any experience with it!
Jay - on claim #3: You have overlooked MPC wallets like ZenGo. On-chain, but no private key to have lost or stolen. Uses 3D liveness biometrics to ensure simply recovery (your face) but can't get hacked.
More info here: https://zengo.com/forget-not-your-keys-not-your-crypto-private-keys-are-a-vulnerability/
Cheers!
Ari
"In crypto, on the other hand, you can speculate on shitcoins and make bets in DeFi, and that’s about it."
You didn't even tried doing a bit of research, did you?
https://twitter.com/evanjconrad/status/1538928605765373952
Thanks for sharing. Nice to read the other perspective.
I think implied in 'use case' is the word good or bad here, a subjective statement.
Just as shitcoin might be bad for most, but good for the scammer.
But I learned something new here, especially his comment...
A blockchain is not a database. People may say that it is, as an anology to help someone understand it. But there is not a single project that uses a blockchain in the same way you'd use a database: it's vastly too slow and too expensive.
A blockchain is an escrow without a third party.