Good analysis, with points I hadn't thought of. The direction doesn't seem very @jack? What happens when Block gets hacked and all their users KYC, IPs, AND complete on-chain history gets leaked? Subpoenad? When users with compromised phones blindsign an evil TX, will you repay them, or...? I get the tradeoffs you’re trying to make, but it seems to be setting people up for trouble? Surely a better UX gently introducing them to address validation etc is better? If not, isn’t this closer to the legacy system than Bitcoin’s ethos?
So bored of people unable to imagine a world without masters. It already exists! It’s here! Come and use it! image