Decentralised Recovery System for your Bitcoin

[rohanagarwal94]

Anyone still using Bitcoin wallet here? We were developing a decentralized recovery system for wallets so that you don't have to write a recovery phrase on a piece of paper and make it insecure. I would love to get some feedback on the same. In the meantime, you could check out at https://cypherock.com as an early adopter. Thanks.

[OmegaStarScream]

From the website, I'm going to assume that It's a device but I don't see people buying a hardware wallet and then buying another device for their seed unless It's dirt cheap, to be honest.

I also tried to signup but that didn't do anything, the page didn't give me any messages and didn't refresh either.

[joniboini]

I'm not even sure what does "decentralized recovery system" means. You suggest that there is some centralized system for wallet recovery, like what? Does keeping our own seeds make it centralized? I'd rather keep my own seed and back it up by myself even if it means it's centralized.

Your LinkedIn page suggests that you're building some kind of hardware wallet though, and your website doesn't tell much either. So your product is still confusing, at least to me.

[jackg]

From the website, I'm going to assume that It's a device but I don't see people buying a hardware wallet and then buying another device for their seed unless It's dirt cheap, to be honest.

I also tried to signup but that didn't do anything, the page didn't give me any messages and didn't refresh either.

I see offers when buying multiple hardware devices, that's probably but than buying another device like this. If you don't have a hardware device though, maybe there's a use if it is indeed hardware.

@etf, that looks a lot like a Caeser cipher .

[NeuroticFish]

I tried to find some info on the website. Didn't work it out. No info, no FAQ, nothing visible. All I could do was to enter my e-mail. I tried with a disposable mail address but it seems it didn't work.
I don't know if there was an error, if my county is not allowed, if my ad blocker blocked anything, if my resolution doesn't allow something get shown, if the signup is not allowed anymore...
So the website may need some work.

On the other hand I've found a video/teaser in your twitter and it doesn't look bad. The design is actually impressive.

There were some questions here on Bitcointalk about hardware wallets for mobile, my be related to your product. I still stick to my opinion that smartphones are among the most stolen things and keeping the hardware wallet with the phone, while convenient, it may be pretty risky (to lose the device, not necessarily the funds).

Another thing that came into my mind was the charging. You seem to keep the port in use. Will the user have to remove the cover every time he has to charge the phone?!

[o_e_l_e_o]

I still stick to my opinion that smartphones are among the most stolen things and keeping the hardware wallet with the phone, while convenient, it may be pretty risky (to lose the device, not necessarily the funds).

Given as well that many people will be automatically signed in to their email addresses and use their smartphone as a 2FA, combining your phone with your actual wallet as well really seems like putting all your eggs in one basket. An easily lost or stolen basket, particularly if you are broadcasting to everyone that you own a hardware wallet every time you take your phone out of your pocket.

Another thing that came into my mind was the charging. You seem to keep the port in use. Will the user have to remove the cover every time he has to charge the phone?!

I suppose this would be easily overcome with wireless charging, which most new phones have.

[vit05]

https://www.youtube.com/watch?v=zNZikfvheT4&feature=youtu.be

It is easier to understand what it is by watching the video. It seems to be a hardware wallet that serves as a phone case. In the video has very little information, but is not yet a product. Then there must still be many things to be developed.

It just seems to be just a way to keep the keys without serving as a wallet. You still need to have a mobile wallet.

BTW, he has this chrome Extention to save public address