I think this highly depends on what country you live in. In NL and I have never entered a credit card number in a webshop to do a purchase ever. Just hit the "Pay" button; redirects to my bank; I get a notification on my phone; Hit fingerprint to unlock; approve; paid. Been that way for more than a decade
And I can call my bank when I get scammed unlike whatever crypto thing you're trying to sell in this post
There's a small enough number of competing APIs that it's not an especially large burden for merchants to integrate each. For very small merchants, they usually subscribe to a tool like Stripe to offload the complexity.
The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
cassianoleal · 45m ago
> The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
This functionality exists in the UK but it's unfortunately not as widely adopted as you suggest.
politelemon · 35m ago
The few instances where I've had a chance to use it, it's been really well done.
OgsyedIE · 2h ago
I'm pretty confident that the current system is the way it is because it's a sweet spot between user friendliness and difficulty of spoofing and/or impersonation. Slide it one way in either direction and the other gets worse.
ricardobeat · 2h ago
AI-written post. Drops a “subtle” example for a crypto wallet at the end.
ilovefood · 1h ago
Wrote it myself with some help to formulate things properly. Sorry it came accross as AI-written.
The last thing isn't a wallet, it is a cryptographic signer.
netsharc · 2h ago
It's LinkedIn-level writing...
ilovefood · 1h ago
I can’t tell, I don’t spend too much time on LinkedIn. What makes it feel that way to you?
Imustaskforhelp · 1h ago
Regarding passwords, I definitely hope that we can have sign in with bluesky option instead of sign in with google and since bluesky can be self hosted or even the pds can be seperated from the server (not in practise right now but still) i feel like it has potential to replace the password issue in the article
Regarding payments, as I had wrote in some another comment here where I basically wrote a article, the gist of it is that I believe that we need a system where stripe's payment integration doesn't need us to have insane kyc requirements and we can just sign up to stripe using a account and then start paying / accepting just as it can happen in roblox. I am pretty sure that stripe had launched some cryptocurrency features and there was this guy on twitter who was requesting a stripe card where they can pay stripe balance to other stripe accounts instead of waiting 14 days to redeem it and then spend it, I don't know the progress of it but seriously stripe just has to do these two things:-
1) make kyc less strict, allow ways to earn money by having a payment method just via having an account, no need to do entire kyc
2) allow payments from those accounts to anywhere stripe is valid.
I am not sure why they don't do it. This thing can honestly put most of my usecases of crypto to bed and I wouldn't even mind a 1-2% cut tbh.
ilovefood · 1h ago
Whatever option gets us closer to portable and less centralized digital identity, data and payment is a win in my book.
Malcolmlisk · 2h ago
The internet is built the wrong way, using emails and passwords, users and recovery links. Here is the solution, an app that uses your email and uses a password to create a user name but has no recovery link. That's the advantage.
ilovefood · 1h ago
Vault doesn't use emails, usernames or anything like that. It's just shared as an example of a signer. It doesn't have to be that app per se, but it's the closest example I know of.
OtherShrezzing · 2h ago
>The internet was built without a native way to prove who you are and move value securely. But now, for the first time, that missing piece (example...
I earnestly thought "Apple Pay" was going to be the example, and this post's title would be updated with [2014]. I'm not clear how the vault solves a problem anybody has in an era where Apple Pay and its contemporaries exist. I'm fairly sure if you'd described the Apple/Google Pay features to someone in 1990, they'd think something approximating "yeah that sounds like a good target".
j16sdiz · 2h ago
When it works, it works great. But how about when it don't?
--
Passkey - what would happens when we lost the device? You need some kind of recovery, right?
Social recovery - of course you could do that. Are you doing one recovery for all accounts (which require some kind of "wallet" stored in a centralized location - and can be disabled)? Or one for each services (which may make your grinder account known to your family)?
How about tourists? When you lost your phone while you are traveling in other country, what should you do?
--
ilovefood · 1h ago
Fair point and it's still a domain of research. The GNU project works on something quite cool I think, called Anastasis. If we solve these things & make them easy, it's a win.
decentrality · 2h ago
Does not address root issue(s) nor elephants in the room; i.e. the underlying centrality in the world context beforehand. The call to simplicity can as-easily if not more-rapidly veer dystopian without asserting any kind of world context
Agreed it's bad. No basis for changing it provided. No premise for 'better' there. No actual thought
Imustaskforhelp · 2h ago
Oh dear lord, as someone who is all in for decentralization, it actually makes me worry what crypto has become / was..
Here is an article that I created just in this response right now, I am sorry that y'all would have to click on it and see but I don't want to clutter hackernews comments with a really really long paragraph
Most of it is just written in first draft ofc but I have been thinking to write something along these lines for a long time. It drives me absolutely nuts how bitcoin was meant to be "digital gold" and we truly have digital gold on blockchain (paxg) but nobody seems to care that much about it. I feel insane thinking about it.
Anyways, I hope you guys have a great day, maybe give what I wrote a read and we can discuss it in this comments. I might upload it as a standalone hn post if people find it interesting but my goal right now was to vent of all the anger that I have so its definitely not structured rightly but still. anyways, have a good day.
ilovefood · 1h ago
Thank you for sharing your perspective, I'll read your article. As long as something good comes out of it for everyone I'm happy. Have a good day as well!
TZubiri · 2h ago
Yes, email and the web and credit cards are designed wrong and we all need to download crypto wallet #574 advertised at the end of the article.
camgunz · 2h ago
The core problem TFA describes isn't complexity, capitalism, or bots. It's the lack of trust. People are fine w/ a few big players (or even one big player) as long as you can trust them, but we don't trust the players anymore: Google, Mastercard, our governments, etc. We think they're all corrupt, and broadly we're right [0].
Blockchain's answer is "OK we give up on trust", but humans can't live that way--or at least strongly don't want to. Successful markets, courts, schools, workplaces, all arise out of a culture of trust and accountability, not the other way around. Unless we hold these institutions accountable they will inevitably decay; our markets will become lemon markets; our courts will become kangaroo courts; our schools will become insipid daycares; our workplaces will become surveillance salt mines. There is no technology that allows us to abdicate our duty to justice and to each other.
There's this episode of Star Trek: TNG [1] where the crew rescues some 20th century humans. One's a blowhard who keeps using ship-wide communications to make random demands, so Picard finally marches down to the guy's quarters to explain that comms are for ship business only. The guy is like "well if they're so important why don't they require an executive key?", to which Picard replies "we're aboard a starship so that is not necessary, we're all capable of exercising self-discipline".
There is no tech, no bureaucracy, no system of rules and regulations that can save a culture unwilling to save itself, whose answer to "what is acceptable to do" is "anything that isn't explicitly illegal, and sometimes explicitly illegal stuff depending on how much money you have". If we spent 1/100 of the effort on community building as we did zk-snarks or whatever the fuck, we simply wouldn't have these problems. Or as the kids say I guess, touch grass.
And I can call my bank when I get scammed unlike whatever crypto thing you're trying to sell in this post
It'll be replaced by Wero at some point. Wero is being rolled out in other European countries right now:
https://en.wikipedia.org/wiki/Wero_(payment)
The user sees a "click here to interface with your bank" type experience on almost every site in the EU & UK.
This functionality exists in the UK but it's unfortunately not as widely adopted as you suggest.
The last thing isn't a wallet, it is a cryptographic signer.
Regarding payments, as I had wrote in some another comment here where I basically wrote a article, the gist of it is that I believe that we need a system where stripe's payment integration doesn't need us to have insane kyc requirements and we can just sign up to stripe using a account and then start paying / accepting just as it can happen in roblox. I am pretty sure that stripe had launched some cryptocurrency features and there was this guy on twitter who was requesting a stripe card where they can pay stripe balance to other stripe accounts instead of waiting 14 days to redeem it and then spend it, I don't know the progress of it but seriously stripe just has to do these two things:-
1) make kyc less strict, allow ways to earn money by having a payment method just via having an account, no need to do entire kyc 2) allow payments from those accounts to anywhere stripe is valid.
I am not sure why they don't do it. This thing can honestly put most of my usecases of crypto to bed and I wouldn't even mind a 1-2% cut tbh.
I earnestly thought "Apple Pay" was going to be the example, and this post's title would be updated with [2014]. I'm not clear how the vault solves a problem anybody has in an era where Apple Pay and its contemporaries exist. I'm fairly sure if you'd described the Apple/Google Pay features to someone in 1990, they'd think something approximating "yeah that sounds like a good target".
--
Passkey - what would happens when we lost the device? You need some kind of recovery, right?
Social recovery - of course you could do that. Are you doing one recovery for all accounts (which require some kind of "wallet" stored in a centralized location - and can be disabled)? Or one for each services (which may make your grinder account known to your family)?
How about tourists? When you lost your phone while you are traveling in other country, what should you do?
--
Agreed it's bad. No basis for changing it provided. No premise for 'better' there. No actual thought
Here is an article that I created just in this response right now, I am sorry that y'all would have to click on it and see but I don't want to clutter hackernews comments with a really really long paragraph
https://justforhn.mataroa.blog/blog/most-crypto-is-doomed-to...
Most of it is just written in first draft ofc but I have been thinking to write something along these lines for a long time. It drives me absolutely nuts how bitcoin was meant to be "digital gold" and we truly have digital gold on blockchain (paxg) but nobody seems to care that much about it. I feel insane thinking about it.
Anyways, I hope you guys have a great day, maybe give what I wrote a read and we can discuss it in this comments. I might upload it as a standalone hn post if people find it interesting but my goal right now was to vent of all the anger that I have so its definitely not structured rightly but still. anyways, have a good day.
Blockchain's answer is "OK we give up on trust", but humans can't live that way--or at least strongly don't want to. Successful markets, courts, schools, workplaces, all arise out of a culture of trust and accountability, not the other way around. Unless we hold these institutions accountable they will inevitably decay; our markets will become lemon markets; our courts will become kangaroo courts; our schools will become insipid daycares; our workplaces will become surveillance salt mines. There is no technology that allows us to abdicate our duty to justice and to each other.
There's this episode of Star Trek: TNG [1] where the crew rescues some 20th century humans. One's a blowhard who keeps using ship-wide communications to make random demands, so Picard finally marches down to the guy's quarters to explain that comms are for ship business only. The guy is like "well if they're so important why don't they require an executive key?", to which Picard replies "we're aboard a starship so that is not necessary, we're all capable of exercising self-discipline".
There is no tech, no bureaucracy, no system of rules and regulations that can save a culture unwilling to save itself, whose answer to "what is acceptable to do" is "anything that isn't explicitly illegal, and sometimes explicitly illegal stuff depending on how much money you have". If we spent 1/100 of the effort on community building as we did zk-snarks or whatever the fuck, we simply wouldn't have these problems. Or as the kids say I guess, touch grass.
[0]: https://www.youtube.com/watch?v=-JcQxfhcg2Q
[1]: https://www.youtube.com/watch?v=XQQYbKT_rMg
It’s a shame not many have experienced where two such apps exist. Welcome to the wonderful convenience called Alipay and WeChat.