Just when I thought they couldn’t pull out anything worse than all the mistakes they’ve done before! So in order to bring those fearful people who hated Bitcoin for being decentralized we’re inserting a possible backdoor so everybody who practiced self-custody before is now at risk? Then what’s the point of a Ledger, paying a company who’s been hacked before to “safely” store the most important information of my wallet? WTF do they have a brain to think?? This sounds almost funny, it’s so bad it wouldn’t fit even as a 1st of April joke
It does sound like a bad joke for anyone that really knows what Bitcoin is, what it stands for, what it is capable of, and why it was created in the first place.
For everyone else, this probably sounds like a great solution. "Of, finally they solved the lost-your-seed-and-you're-fucked issue."
Let's see how this plays out in the long run. I would very much hope to see this has a major impact and creates a big disruption in the hardware-wallet sector. But I kind of doubt it will change much in the mid-long. Hope I'm wrong.