Smart move for any liberated, international organization. Esp as inflation continues to impoverish people. Move into the future.
Volatile means that in the short term, some may win, and some may lose.
The multi-year trend though, still beats inflation hands down.
If you want to beat inflation, dump the money in a high-yield savings account, or a 401k, or a stock index, or any of the other options that have something resembling banking protection/regulation. There are so many better options than a speculative investment that you lose entirely with a social engineering attack or a SIM swap.
What if I want to buy a cheese sandwich today with BTC?
A cheese sandwich can remain the same fixed price in dollars for years, with only the relatively slow change in actual value due to inflation.
I’ve seen BTC swing 10% in 24 hours. Does the cheese-sandwich-maker have to look up the rate this instant and calculate a spot price for me?
Will they have more or less dollars at the end of the day, when they need to pay their bills and buy more cheese from their suppliers?
“Just buy cheese from someone who takes BTC”, doesn’t help, it just kicks the can further down the road.
“Just add a bit of a buffer in the price to take fluctuations into account”, means that I go buy a cheese sandwich with dollars from next door because it’s 50 cents cheaper for the same thing.
As an investment vehicle, BTC is doing hot laps of the track (with occasional accidents), but until its volatility issues are sorted and it becomes “boring”, it’s not going anywhere as an actual currency.
Not to mention the obscene fees with using it. Crypto is rife with issues.
Funny how the free plan is not receiving any of the recently announced trash, making it more attractive than the paid options.
It seems everyone here think an organization can’t have multiple teams working in more than one thing at the same time
That assumes dev resources are limitless. And for a company the size of proton that’s certainly not true.
They can only have X amount of devs. So how they allocate them says a lot.
Also given that most complaints I’ve seen at the top are about specific missing features for ages, I think it’s safe they’re putting their eggs into too many baskets.
what? why?? there are so many open source options already???
Are there any that are cloud-hosted, secure, and private? My experience is limited, but I’ve never found an easy way in. I can’t imagine anyone who’s not tech-savvy getting started without walking through a minefield of scams.
Every now and then I look at options for how I might actually use crypto, and everything looks either outrageously scammy or way too much trouble. Pretty much every exchange I’ve looked at holds the keys to your account, and several have gone under or outright stolen their users’ funds.
The question is, when Proton embraces bitcoin, should it make me trust bitcoin more, or trust Proton less? I don’t know. I’m still skeptical. Their blog post is interesting, but also doesn’t answer a lot of questions. https://proton.me/blog/proton-wallet-launch
I mean, look at this:
Buy Bitcoin securely in 150+ countries
If you are new to Bitcoin, Proton Wallet also has integrations that make it easy to buy Bitcoin in 150+ countries, and we have also put together a comprehensive Bitcoin guide for newcomers.
That “comprehensive” guide spends three paragraphs talking about the “Blocksize War”, and makes absolutely no mention of how a user can actually buy bitcoin using Proton Wallet. WTF, Proton? Who is your target audience here exactly?
cloud-hosted, secure, and private
Until homeomorphic encryption becomes a thing, cloud can’t be secure or private.
every exchange I’ve looked at holds the keys to your account
Exchanges, are not wallets. You’re supposed to move the coins out of the exchange for safekeeping. If you can’t, then it’s not a crypto exchange, it’s an ETF peddler.
how a user can actually buy bitcoin using Proton Wallet.
Wallets, are not exchanges. They can link to exchanges, like Metamask does, but their core function is to hold your keys.
Until homeomorphic encryption becomes a thing, cloud can’t be secure or private.
Why do you need homeomorphic encryption? Isn’t client-side encryption good enough for most use cases?
This and the new LLM “feature” in ProtonMail suggests that someone higher up has had a sniff of the techbro kool-aid.
Yeah. Part of what I get for paying is the Bridge app so I can use Thunderbird instead of the website. I don’t want or need the LLM thing.
Bit by bit Proton is slowly becoming Brave
