Rolling dice is definitely an advanced feature of a hardware wallet unless it was specifically baked into the onboarding - which I think is a cool idea btw and worth doing. But I think @ODELL correctly stated it so in the video everyone is now bashing him for. It’s not deserved imo, he just pointed out an obvious risk with doing something you don’t know well. And that’s not to say it can’t be done well with the right onboarding experience.

Replies (12)

JackTheMimic's avatar
JackTheMimic 1 month ago
I mean, by his own words, an expert is somebody who can count to 50. He said if you're not an expert in this, don't do it. A lot of people have the humility to think they're not experts, but they didn't realize what he's describing is counting to at least 50.
I don’t think it’s as simple as explaining you’re just counting. It sounds like a foreign concept entirely. People barely understand what a seed phrase is. Do you know how much effort goes into just explaining not to share it…
JackTheMimic's avatar
JackTheMimic 1 month ago
I do, actually. That's most of my job. The thing is, once you get to the part where you're creating a seed phrase, counting dice rolls is not any more complicated than the seed phrase itself, especially with word order, final word checksum, and things of that nature.
JackTheMimic's avatar
JackTheMimic 1 month ago
Who are you talking about? What magical person listens to what Odell has to say, but doesn't understand any of those concepts?
99% of people listening to podcasts 😂 You vastly overestimate people’s ability to follow instructions (especially if they are not written well).
JackTheMimic's avatar
JackTheMimic 1 month ago
Listen, I work with boomers on a regular basis on how to secure their stack. I assure you, saying "You have to enter 50 dice rolls that you actually roll" does not fly over their head. I know you're imagining the tardiest of the tards, but there's a filtering process for those who even hear the word Bitcoin and stick around.
One to one is great and arguably the best way to learn something. I think this is an exception to how most people get into hardware wallets.
JackTheMimic's avatar
JackTheMimic 1 month ago
I haven't seen much of a distinction between one-on-one versus one-to-many as far as educational advice goes. Conversationally, they're obviously very different. I just use the same phraseology. It is an absolute must you do at least 50 dice rolls and enter them as they appear on the dice into your device. I'm not sure I see too much of a distinction in those methods because if someone was serious about actually taking the podcast advice, they would go back and listen to it fully while creating their seed. which very well might have been the case when he told them not to use dice
JackTheMimic's avatar
JackTheMimic 1 month ago
To be clear though, this is entirely on the shoulders of Coinkite because they advertised 128-bit entropy which was not delivered. Odell just trusted and didn't verify.
the real risk for Bitcoin investors is high time preference mindset. Bitcoin requires taking time and doing research to understand how it works. its complicated and multi-faceted. for the average non tech person (such as me), it requires reading books and/or hours of listening to trustworthy podcasts. if someone doesn't want to invest time to do research on something that is completely out of their realm of knowledge, they will likely get rekt. so if you're onboarding a newbie, the first lesson is helping them shift to a low time preference mindset. I have never successfully onboarded anyone because the people i meet are only focused on ngu and not interested in learning the "why". if you don't know "why", you'll never understand why doing something like rolling dice 100x is important. so yeah.... that's why dice rolling is hard. #hightimepreference