It’s a strange thing, because I always thought of Slush as a great guy who understands the importance of fungibility (and he was the main reason I bought Trezor instead of something else), but the company changed over time.
For those reading, the title says "Trezor Ditches a Controversial KYC Feature, Plans Features to 'Cut Off Regulatory Overreach'"
Apparently Trezor added a KYC system called AOPP. Then backlash. Then they said they would roll it back (as of the article).
Have they rolled it back yet? They said it will be rolled out in February. Edit: Trezor blog post about the rollback here: https://blog.trezor.io/a-decision-on-aopp-789540c2930b?gi=f3...
I always wondered what Trezor's fundraising plan is. My guess is once they started to see the money come in from taking fees they started to say "we'll be the next Coinbase!!!".
Do you have any more analysis of this addition to Trezor? As a Trezor user, this reminds me of Apple's push for on-device scanning. That Trezor even added this feature temporarily has me looking for alternatives. Anyone have suggestions?
The only problem for me in practice was that the red light was blinking instead of the green, which shouldn't have been happening (I reflashed the software on the device in my multisig setup, which I decreased the trust somewhat). If I would have been more patient, I would have sent back the device for a replacement.
Seems like Trezor "blinked" here and tried to keep everyone happy. I wonder if Block/Square is going to eat Trezor's lunch by providing a badass wallet for people that don't care about KYC. And then ColdCard will be for users that are strictly anti-KYC. And Trezor gets stuck in the middle and goes out of business.
There are lots of features in Bitcoin that are important and not addressed by mixed wallets because of the lack of development time, so these two types of wallets are getting separated by the market (which I see as a good thing both for Bitcoiners and mixed-coiners).
edit: thanks!
edit: in fact that AOPP thing appears to be just a thin layer on top of signmessage. https://gitlab.com/aopp/address-ownership-proof-protocol/-/b...
Even if it's just a thin layer, if it's implemented, it's destroying years of work of improving Bitcoin fungability.
Bitcoin simply does not have fungability. The emperor has no clothes.