Hearing this Ledger news makes me chuckle a little, because I have maintained a distrust of vendors hawking “HSMs fix security” consistently.

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

So is a multisig contract like safe the best way to go?

4 creatives @tfd + @tcm + @tcw + @tfm

{noyore.xyz}

Multisig, MPC, or truly airgapped cold storage, or a combination of some/all

That response time thou 🔥🔥🔥

Do you think this will hurt mainstream adoption or do you think wallets like rainbow will be enough (ease of use and safety) to onboard the first say billon users?

I think wallets need to go away completely for billion user scale.

What would replace a wallet? Contract? Something else?

This would depend on the network – Ethereum, Bitcoin, etc. all have a external relationship with indexers to convey meaningful information to key holders – pivoting away to an abstraction where an intermediate authority can convey signatures to authenticate actions just makes things more fragile/complicated.