> Saying “we’ll make it easier to host your own coins” is a bit like saying “we’ll solve the #1 problem with mass crypto adoption”.
Sure, I mean, we're still in the "dial-up era" of crypto and a big part of that is wallet UX. But if you're following the space closely, you can see there's been some solid efforts on that front.
Rainbow Wallet (https://rainbow.me/) is an iOS & Android wallet that backs up your private keys to iCloud/Google cloud. I think for smaller sums of money and valuables, this is a pretty good solution.
Argent (https://www.argent.xyz/) is a smart contract wallet that has a "social recovery" feature that allows you to delegate account recovery to a circle of trusted parties.
Gnosis Safe (https://gnosis-safe.io/) is another smart contract wallet that many DAOs use for treasury management, which allows for arbitrary multisig settings to be configured (like requiring 3 out of 5 signers or what have you).
Some of these still need work on UX, but the core tech is there. Another factor is blockchain fees. Layer 2s like Arbitrum (https://arbitrum.io/) and Starkware (https://starkware.co/) have already dramatically reduced fees (by as much as 10-20x and will likely get to 1000x reduction by the end of the decade).
Once the layer 2s and layer 3s are more mature, it's conceivable that a Coinbase or Kraken could run their own auditable rollup, even if the order book was run on a centralized server, at least the net balances would be held on-chain (Dydx https://dydx.exchange/ works like this currently).
Sure, I mean, we're still in the "dial-up era" of crypto and a big part of that is wallet UX. But if you're following the space closely, you can see there's been some solid efforts on that front.
Rainbow Wallet (https://rainbow.me/) is an iOS & Android wallet that backs up your private keys to iCloud/Google cloud. I think for smaller sums of money and valuables, this is a pretty good solution.
Argent (https://www.argent.xyz/) is a smart contract wallet that has a "social recovery" feature that allows you to delegate account recovery to a circle of trusted parties.
Gnosis Safe (https://gnosis-safe.io/) is another smart contract wallet that many DAOs use for treasury management, which allows for arbitrary multisig settings to be configured (like requiring 3 out of 5 signers or what have you).
Some of these still need work on UX, but the core tech is there. Another factor is blockchain fees. Layer 2s like Arbitrum (https://arbitrum.io/) and Starkware (https://starkware.co/) have already dramatically reduced fees (by as much as 10-20x and will likely get to 1000x reduction by the end of the decade).
Once the layer 2s and layer 3s are more mature, it's conceivable that a Coinbase or Kraken could run their own auditable rollup, even if the order book was run on a centralized server, at least the net balances would be held on-chain (Dydx https://dydx.exchange/ works like this currently).