-
@ Peter
2024-04-01 19:17:09Opinion about BC Vault One (hardware)
The Bc vault is not deterministic wallet. This means several things: - it is not compatible with any other hww on the market (I am only aware of 55 hwws) as it does not follow BIP39 etc. This means that the backup is locked to this company and the product (until they exist). - instead if the widely used\, defacto standard seed words\, you can only export raw private key! There is no hww on the market, that would allow for import of the raw private key. - the wallet does not distinguish between an address and an account. It is all one. 1 address = 1 account! - each address/account has the option to be protected (pin + password) which is super complicated and that's why forces user to reuse addresses. This is harmful for the privacy of the user and all their piers. - Multisig is not possible (in quorum with other hwws). - Passphrase is not supported...
The team seems to be focused on altcoins which results lack of support to bitcoin eg. Taproot is still not supported. There are only two positive things on this hww: - big screen showing complete address - giroscope for randomness generation
I can't recommend it to any user, unfortunately.
WalletScrutiny #nostrOpinion