zlacker

[parent] [thread] 5 comments
1. shigaw+(OP)[view] [source] 2022-05-19 11:14:56
Dumb question but what's the user experience difference between a browser wallet and saving a credit card in a password manager?
replies(1): >>MacsHe+Yd
2. MacsHe+Yd[view] [source] 2022-05-19 12:47:17
>>shigaw+(OP)
Crypto wallets double as a kid of single sign-on identity. If you have a crypto wallet in a browser add-on, you already have a paudonymous account usable on tens of thousands of crypto enabled web apps. All you have to do is one-click sign-in.

No sign-up flow, no emails, no commitment. You just tap login and you have an account. One more tap and you've paid.

Plus other benefits like effectively free micro-transactions as small as thousands of a penny at a transaction rate in tens of milliseconds, for some chains (e.g. Solana w/Phantom or SolFlare browser extension).

All this adds up to being able to try, pay, assess, and "logout" of any completely novel (to you) service/site faster than a WSJ article page can load.

The effortless of the user experience doesn't translate well to words. Getting use to this frictionless use of compatable web apps is an experience qualitatively similar to browsing the web with an ad blocker. You can't go back. Going back feels broken, messy, slow, and outright aggravating.

replies(2): >>puranj+1w >>lottin+PJ
◧◩
3. puranj+1w[view] [source] [discussion] 2022-05-19 14:20:21
>>MacsHe+Yd
I fear that any regulation that enables wider adoption of these wallets will also bring in additional steps that will kill the biggest pros of these wallets currently - privacy and anonymity
◧◩
4. lottin+PJ[view] [source] [discussion] 2022-05-19 15:20:46
>>MacsHe+Yd
What happens when someone steals your key?
replies(2): >>MrMan+NR >>puranj+j41
◧◩◪
5. MrMan+NR[view] [source] [discussion] 2022-05-19 15:59:26
>>lottin+PJ
Then logging into all your sites is painless for them
◧◩◪
6. puranj+j41[view] [source] [discussion] 2022-05-19 16:57:01
>>lottin+PJ
You lose access to your account and all its funds

Which is why I said that the tech really needs a lot of improvements. But the core idea of a browser wallet that takes care of logins and payments is really powerful and might just be crypto’s killer app

[go to top]