We Must Solve Bitcoin’s Custody UX Problem
Twelve years is the blink of an eye in historical terms, but it’s an eternity in tech. Just look at the cellphone, which went from niche accessory to absolute necessity in under a decade. Still, new technologies don’t always soar immediately: it took a quarter of a century for the humble washing machine to reach even half of U.S. homes. This Halloween marked the twelfth anniversary of Satoshi Nakamoto’s Bitcoin white paper. In that short time, Bitcoin has transformed the way we think about money, but it’s still a long way from mass adoption. As a result, we need to ask some uncomfortable....
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Now a trillion-dollar market, the crypto ecosystem has withered some of the toughest conditions within its period of existence. However, like any other technological innovation, it is not short of native challenges. This ‘lucrative’ market faces a myriad of shortcomings, including criticisms from regulators and long-standing financial institutions. But the most significant hurdles are currently attributed to the underlying infrastructures. In a recent interview during the Paris Blockchain Week, Binance CEO Changpeng Zhao identified crypto custody as one of the hardest challenges that....
The cryptocurrency industry has a big gender problem when it comes to female involvement. Bitcoin of America (BOA), a popular virtual currency exchange, is looking to solve this major issue. BOA has been very open about their female involvement at conferences, expos, and even within their own company. Bitcoin of America revealed that most of their top tier positions are filled by Women. Their Chief Operating officer, Operations Manager, Director of Marketing, Director of Agent Locations, and Director of Business Development are all run by powerful females. Bitcoin of America sent their....
The cofounder of the U.K.'s longest-running Bitcoin exchange discusses his journey in Bitcoin and the importance of self custody.
To actually solve the problem of receiving funds without having secured liquidity from someone else's node requires protocol-level changes.
In a world with third-party custody and self-custody, bitcoin is the clear winner for offering protection from government overreach and seizure.