Operating systems are the systemic risk to crypto.

If compelled by the state…Apple, Google, and Microsoft can backdoor billions of devices through software updates to scan for private keys.

The capability exists.
https://www.theverge.com/2022/12/9/23500838/apple-csam-plans-dropped-eff-ncmec-cdt-reactions

Since time immemorial, bankrupt states (and their unfortunate citizens) have had a desperate appetite for hard currency.

Historically, that’s meant gold, or stable foreign fiat. If cryptocurrency is auditioning for that role, it’s going to need to prove itself truly seizure-resistant.

That means OS resistance.

Yes, we need something like ethOS, Solana phone, or Qubes. Maybe an Urbit box.

An ultra secure operating system for desktop & mobile dedicated to crypto.

We also need to move enough funds on there in a relatively short time to make seizure unattractive.

This is hard for anything but an Android fork, and even then...

Building poolfish.xyz (/poolfish). A calculator for LP providers. Cooking /hotpotato. Built Potion solo to $6k+ MRR and sold for $300k.

That doesn’t actually help that much, because if the private key is ever present on the device (such as when sending a transaction), it can be scraped by a malicious OS and your wallet drained.

(There are workarounds like never fully putting the key together and only broadcasting signed transactions. Not that easy.)

That's why my private keys are written on a piece of paper.

what's the solution? dont use iphone/android? create new hardware device specifically for crypto?

funny then that you also say we‘re going to have Bitcoinization in the short term. You may be good at the macro, but to anyone good at the micro it isn‘t a surprise that OS providers or any other service providers could shut stuff down any time. I feel like people should pay less attention to ppl like you.

Can someone please post the $5 hammer comic here.

Things that need to be the default in crpyto:
1. Open source software
2. Airgapped hardware wallets

These are both necessary (but not sufficient) to maintain a reasonable amount of safety from backdoors.

🏴‍☠️

You mean PRISM wasn’t a hallucination? 

Snowden is a fugitive because he used his classified permission levels to keep it real. 

How is there not a whistleblower clause for concerned ￼citizens to protect our rights to free-speech without it being weaponized (again)?

I think apple is trying to tackle a problem which significantly causes harm to too many people in the best way possible they can. What's the issue here? 

Life's full of grey areas. This is the middle path.