Block Bitcoin Wallet Team Reveals Their Plans and Seeks Feedback

cryptonews.com:

Twitter founder Jack Dorsey's payment firm Block shared more details about its previously announced wallet, focusing on the plans for combining safety and ease of use/access in order to create a broader and less ‘hesitant’ customer base.

Just over a year ago, in July 2021, the company, at the time called Square, confirmed it aimed to build a bitcoin (BTC)-first hardware wallet "to make bitcoin custody more mainstream." Dorsey had revealed that Square had been considering making a hardware wallet for BTC a month earlier.

“One of the most important jobs a bitcoin wallet has is to keep your money safe even when something goes wrong,” tweeted Max Guise, a member of the team working on the wallet.

It is vital for people to be able to know that they can get to their assets at all times in order to “make the leap to self-custody,” Guise argued. The fear of making a mistake while using self-custody wallets is what makes people hesitant to use them and keeps them on custodial platforms, the team’s blog post explained.

The second vital aspect is to keep everybody else but the owner out of the wallet – the problem here being that,

“Any added protection to keep a bad actor out adds a risk that it may also trip up the owner, and any new backup or alternative way to access creates a new potential security hole.”

What needs to be done, argues the team is,

“We need to create forgiving recovery experiences that prioritize easier paths to get customers back on their feet when something goes wrong, with more tolerance for simple mistakes, and without a steep learning curve.”

Instead of users handling several different products which serve different purposes and prioritize either security or ease of use, the Block Wallet team say they want to