Post
Topic
Board Wallet software
Re: Has anyone used a ZenGo Wallet?
by
o_e_l_e_o
on 07/10/2019, 19:16:37 UTC
If we all want mass adoption of Bitcoin there will have to be a better way to secure Bitcoin other than seed phrases.
Why? What's wrong with seed phrases? Everyone is familiar with the concept of a password which you need to keep safe, and if someone else has your password, they can access all your accounts. Seed phrases are not really that different. They are far more secure than either facial recognition or backing up your wallets to the cloud.

We need everyone and their grandma to own Bitcoin. We need to make this process as easy as possible.
Agreed, but I don't think this wallet is the way to go. I think it is far easier to tell a grandma "Write this down and keep it very safe" than it is to explain how to set up and use facial recognition, particularly to restore from cloud back ups.

I'm not sure why you are so keen on using biometrics when they have repeatedly been shown to be poorly secured and far more easily hacked than passwords/passphrases. I also still have serious concerns about their "master decryption key" which can unlock everybody's wallets.