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Author Topic: If we want people to be their own bank, we have to rethink things. A Proposal  (Read 272 times)
WhyFhy (OP)
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December 26, 2022, 03:53:11 PM
 #21

I'll analyze bluewallet, It's new to me, it appears to check a lot of bells and whistles on top and a simple UI and SC is available.
https://bluewallet.io/features/

bluewallet seems to be built on electrum, electrums built on core.
What are the odds of this being maintained forever & would feature creep become an issue?

I see some of you understand what I'm getting at, imagine bluewallet(example) being like what nicehash did for mining.
Most casual miners people started with nicehash, nicehash educated them enough to ween off the platform with information they didnt gate.
We need a wallet that's an obvious concierge to more advanced capabilities. 

@LoyceV
I'm sure there is a comparative product you've encountered that fits the bill of this scenario.

@ETFbitcoin
"This isn't true, there are many wallet and node software which doesn't use Bitcoin Core source code as it's base."

Maybe this is where I'm wet behind the ears, identifying SPV vs full node's and things of this nature,
what your saying is something like bitcoind isn't even associated with core SC, although this is true,
I was pointing out that a wallet software wouldn't be the source of a centralization.
I guess I could rephrase that in saying the only way of centralization realistically happening would be through bitcoins mining stratum?




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December 26, 2022, 04:07:17 PM
 #22

I'll analyze bluewallet, It's new to me
See: A great lesser known wallet! [BlueWallet]. It's one of the wallets I was thinking about when I mentioned mobile wallets that earned trust.

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December 30, 2022, 08:15:52 AM
 #23

We need to figure out how to re-educate the whole responsibility aspect.
I think we already do our best, as a community, but as I said it all comes down to responsibility-- and that isn't easy peasy. The main reason why bitcoin --and cryptocurrencies in general-- won't catch on on a global scale, with a daily usage (just as fiat) is because they require responsibility, and people are frightened of responsibility; same applies for freedom unfortunately.

However, we do have a more mature userbase, and we will as times goes on. I do know a few retail investors who're doing self-custody with their bitcoin. I know no person who's serious about investing in bitcoin and leaves it in exchange.

     I support what you said, even though you didn't ask for my support, however, there is some truth in your statements. Especially the fact that most people in this era are still really afraid of responsibility.

Until now, most people around the world think bitcoin is a good investment, but they don't see its future if you are a user of it.



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December 30, 2022, 08:45:10 AM
 #24

Pooya is right:

Let core be core and let other developers enter the scene and built stuff on top of core or even as standalone projects (like Electrum). That way we have dedicated team to a dedicated feature who don't have to worry about the backend (eg. core) and having to merge all their stuff in their project or having to follow their conventions or even programming language (ie. C++).

Core developers will not want to get involved in any side project that looks like Core and is just a smaller Bitcoin Core version, but this would be a haven for independent developers.

Perhaps a full node impl without the wallet could be created.

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