Yes, that is fair. I had never used it so I don't know why I would love it, but from what it sounds like what it does it makes it easier for people to sign up. I saw the video of how it works.
Not sure how they do it for UNLIMITED accounts @khaleelkazi?
Yes, it does seem abuse would be an issue. I'd be interested to see what Khal says how it all works. I just figured they figured out how to solve the questions you are asking hence why I mentioned it. 😀
I believe getting people an account is NOT our issue it takes like 10-20 seconds with our system now... the issue is introducing them to the concept of KEYS (multiple of them) and getting them introduced to login software ... so an introductionary CUSTODIAL type account would be awesome in my opinion. And perhaps tell them we will only be willing to be their custodian of their keys if their account stays underneath a certain value. However in my opinion that's find because after a few days or weeks perhaps they're ready to take that step of being a custodian of their own keys and are interested enough to install software like keychain.
100% agree with you.
I love the idea of the CUSTODIAL account where you reach certain milestones and it slowly inches its way becoming something you understand. I mean could be as simple as providing simple questions on sign up:
x Are you an expert and can handle your own keys
x Do you want us to walk you through it ( CUSTODIAL )
Just thinking about how we can hand walk them it when it comes to their wallet and keys if they need it. Thanks for the responses.