From: Mike Hearn <mike@plan99•net>
To: Eric Martindale <eric@ericmartindale•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>,
Andreas Schildbach <andreas@schildbach•de>
Subject: Re: [Bitcoin-development] Why are we bleeding nodes?
Date: Mon, 7 Apr 2014 16:23:59 +0200 [thread overview]
Message-ID: <CANEZrP2rqu9yCjmoCRmVMe91mxtkFe4ep5eWHWSrn_PSUa92WA@mail.gmail.com> (raw)
In-Reply-To: <CAAf19Wrz0u_e5V9Gb=_CAG=mHtE9nA_VETgYZeCXZqwaGeYKuQ@mail.gmail.com>
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Indeed, fully agreed. The only way to really make progress here is to make
the UX of being your own bank not only as good as trusting a third party,
but better.
I've been encouraged by the rise of risk analysis services, but we need to
integrate them into wallets more widely for them to have much impact.
Otherwise people get to pick between a variety of wallets, none of which
have *all* the features they want. And TREZOR is cool, albeit, something
that's going to be for committed users only.
On Mon, Apr 7, 2014 at 4:15 PM, Eric Martindale <eric@ericmartindale•com>wrote:
> We need to make it so mind-numbingly simple to "run Bitcoin correctly"
> that the average user doesn't find reasons to do so in the course of normal
> use. Right now, Coinbase and Bitstamp are winning in the user experience
> battle, which technically endanger the user, and by proxy the Bitcoin
> network.
>
> Multi-sig as a default is a start. It won't succeed unless the user
> experience is simply better than trusted third parties, but we need to
> start the education process with the very basic fundamental: trusting a
> third-party with full access to your Bitcoin is just replacing one
> centralized banking system with another.
>
> Eric Martindale
> Developer Evangelist, BitPay
> +1 (919) 374-2020
> On Apr 7, 2014 7:05 AM, "Mike Hearn" <mike@plan99•net> wrote:
>
>> My guess is that a large number of users have lost interest after they
>>> lost their money in MtGox. The 24th of February coincides with the
>>> "final" shutdown
>>
>>
>> Sigh. It would not be surprising if MtGox has indeed dealt the community
>> a critical blow in this regard. TX traffic is down since then too:
>>
>>
>> https://blockchain.info/charts/n-transactions-excluding-popular?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
>>
>> Judging from comments and the leaked user db, it seems a lot of well
>> known people lost money there (not me fortunately). I wish I could say
>> people have learned but from the size of the deposit base at Bitstamp they
>> clearly have not. A lot of Bitcoin users don't seem to be ready to be their
>> own bank, yet still want to own some on the assumption everyone else either
>> is or soon will be. So it's really only a matter of time until something
>> goes wrong with some large bitbank again, either Bitstamp or Coinbase.
>>
>> Some days I wonder if Bitcoin will be killed off by people who just
>> refuse to use it properly before it ever gets a chance to shine. The
>> general public doesn't distinguish between "Bitcoin users" who deposit with
>> a third party and the real Bitcoin users who don't.
>>
>>
>> ------------------------------------------------------------------------------
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>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development@lists•sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>>
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next prev parent reply other threads:[~2014-04-07 14:24 UTC|newest]
Thread overview: 70+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-07 11:34 Mike Hearn
2014-04-07 12:17 ` Ricardo Filipe
2014-04-07 13:43 ` Andreas Schildbach
2014-04-07 14:05 ` Mike Hearn
2014-04-07 14:15 ` Eric Martindale
2014-04-07 14:23 ` Mike Hearn [this message]
2014-04-07 19:46 ` Troy Benjegerdes
2014-04-08 3:13 ` kjj
2014-04-08 7:50 ` Mike Hearn
2014-04-09 10:38 ` Wendell
2014-04-09 11:15 ` Wladimir
2014-04-07 14:45 ` Tom Harding
2014-04-07 12:19 ` Jameson Lopp
2014-04-07 12:26 ` Pieter Wuille
2014-04-07 12:34 ` Mike Hearn
2014-04-07 12:34 ` Jameson Lopp
2014-05-20 18:38 ` Isidor Zeuner
2014-04-07 13:50 ` Gregory Maxwell
2014-04-07 13:53 ` Gregory Maxwell
2014-04-07 13:58 ` Jameson Lopp
2014-04-07 14:04 ` Gregory Maxwell
2014-04-08 11:28 ` Jesus Cea
2014-04-07 15:45 ` Justus Ranvier
2014-04-07 15:53 ` Gregory Maxwell
2014-04-07 16:02 ` Jameson Lopp
2014-04-07 16:27 ` Mark Friedenbach
2014-04-07 16:57 ` Gregory Maxwell
2014-04-07 17:01 ` Mark Friedenbach
2014-04-07 17:16 ` Gregory Maxwell
2014-04-07 17:35 ` Brent Shambaugh
2014-04-07 17:40 ` Mike Hearn
2014-04-07 17:44 ` Gregory Maxwell
2014-04-07 17:45 ` Tamas Blummer
2014-04-07 17:50 ` Justus Ranvier
2014-04-07 18:30 ` Arne Brutschy
2014-04-07 17:56 ` Brent Shambaugh
2014-04-07 17:46 ` Justus Ranvier
2014-04-07 17:39 ` Chris Williams
2014-04-07 18:23 ` Mike Hearn
2014-04-07 18:35 ` Tamas Blummer
2014-04-07 18:49 ` Gregory Maxwell
2014-04-07 19:00 ` Tamas Blummer
2014-04-07 18:48 ` Mark Friedenbach
2014-04-07 19:02 ` Gregory Maxwell
2014-04-07 19:05 ` Tamas Blummer
2014-04-07 19:03 ` Gregory Maxwell
2014-04-07 19:13 ` Tier Nolan
2014-04-07 19:20 ` Tamas Blummer
2014-04-07 19:13 ` Mark Friedenbach
2014-04-07 19:36 ` Tamas Blummer
2014-04-07 21:46 ` Ricardo Filipe
2014-04-07 19:30 ` Paul Lyon
2014-04-07 19:50 ` Tamas Blummer
2014-04-07 21:48 ` Tier Nolan
2014-04-07 21:56 ` Gregory Maxwell
2014-04-08 3:44 ` Jeff Garzik
2014-04-08 7:24 ` Jean-Paul Kogelman
2014-04-08 7:59 ` Tamas Blummer
2014-04-08 17:18 ` Andrew LeCody
2014-04-07 17:07 ` Drak
2014-05-20 8:15 ` bitcoingrant
2014-05-20 8:42 ` Mike Hearn
2014-05-20 14:37 ` Eugen Leitl
2014-05-20 14:52 ` Gmail
2014-05-20 18:46 ` Andy Alness
2014-05-20 19:17 ` Jeff Garzik
2014-05-20 20:09 ` Andy Alness
2014-05-20 20:22 ` Jeff Garzik
2014-04-07 21:55 Paul Lyon
2014-04-07 22:14 ` Tier Nolan
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