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Proton releases a self-custody bitcoin wallet | Proton Wallet is open source and has been audited by a third-party firm, the company said (techcrunch.com)

submitted 4 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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Proton isn’t reinventing the wheel with this crypto wallet. But it’s another solid option for people looking to create a crypto wallet for the first time. However, cryptocurrencies tend to be a polarizing topic, so let’s see if Proton Wallet doesn’t hurt Proton’s brand image in the future.

More information: Proton Blog Article

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[–] twei@discuss.tchncs.de 4 points 4 months ago (1 children)

Tbh I think it's cool, and since most ppl wanted proton to release stupid things like another browser or another encrypted chat app, a wallet fits right into that while being something that doesn't need that many manhours to be maintained.

I think this will benefit them, proton is more mainstream than you might expect

(also, unlike brave, they are a profitable business without vc and a non-profit org, so there are no intentions to sell your data)

[–] asdfasdfasdf@lemmy.world 4 points 4 months ago (1 children)

It does need many man hours to be built and maintained, especially with things like finance apps. Also, this is a crypto wallet, not a competitor to something practical like Google Wallet. Crypto is basically a useless pyramid scheme and uses an enormous amount of energy.

[–] twei@discuss.tchncs.de 0 points 3 months ago

Yes, it needs like a month or two to be built, but after that the most time you'll spend on it is when you add tokens. If you look at something like the electrum wallet, there are like 3 ppl working on it in their free time.

Also: Imagine you're the average proton user. You probably don't know what PGP is, you mostly use proton for the VPN and you use Google as your default search engine.
You just got solar and you're thinking about what to do with the excess energy created at mid day, so you download NiceHash or whatever and set up a wallet.

Wouldn't it be a nice thing if the company that you're already trusting with your mails, data and internet traffic had a crypto wallet? Like, yes, trusting one company with everything is not best practice, but trusting proton with everything is still better than using some random closed-source software.

And again: people voted for another chat app and a browser. WTF.