Ethereum Game Changer!! The ERC-4337 Upgrade Explained!💥

[@morecoinbureau]

Hope you guys liked this video! What do you think? You can also benefit from my deals page for the best promos and discounts in the crypto space 👉 www.coinbureau.com/deals.

[@juneribaldi7093]

Thanks Guy& Team !

[@taccntb4345]

Eth looks like it's going to dominate crypto. Account abstraction == Mass Adoption for Ethereum

[@boots_on_the_grounds_of_war]

You sound just like Richard Hammond. Thanks for the video.

[@CharDaLuX]

I couldn't agree more, but have to be honest in that I have never thought about it in the way you have presented it. I haven't heard about ERC-4337 until this report. Thanks, Guy! Learned a lot!

[@michalbotor]

thanks for sharing! this one is indeed news i would **not** want to miss.

[@debankdave]

The quality of Coin Bureaus channel has really improved over the years. Bravo!

[@DigitalAssetNews]

“The dark overlord Gary Gensler” that’s pretty accurate.

[@morecoinbureau]

😂

[@jovanlinarez3782]

All this man need is a cowboy hat and you can call him Woody from toys story

[@Okay-time]

With this option it’s up to you if you wish to keep your keys yourself you can it’s totally up to you and you only

[@ryanhasiak8620]

Great video! You got one coming on Polygon ID?

[@DigitalAssetNews]

That’s pretty cool - social recovery.

[@DrCryptoAlex]

This should be on the main channel

[@wtfomglolmecha]

I was waiting for this! Thank you!

[@benny9966]

A group of Trusted Individuals - sounds like they are setting up the exact same thing like a bank, if you loose your keys and someone "trusted" can recover them, they are NOT your keys in the first place.

[@Okay-time]

But you don’t have to give any keys if you don’t want to it will be up to you

[@SteinVarjord]

I’m just speculating here, but it sounded like “trusted individuals” was someone of your own choice, which could be family and friends, where none of them have the complete key, or it could be none, if you don’t want it. It seems to not be individuals picked by anybody else, like an Ethereum entity. He also mentioned 2 factor authentication. To me this sounds like one could perhaps build ones own system of verification by combining whatever we want of those. Sounds perfect! However, I might be totally wrong.

[@Okay-time]

@@SteinVarjord you are right

[@clearsky1]

@@SteinVarjord But it will be awkward to keep going to your friends or family for part of the key if you are one of those who can't remember keys ;p I don't think people want that either.

[@benny9966]

@@Okay-time Oh, ok then they pass a law that is from now on illegal unless you choose a certain individual that they deem as "trusted"

[@darinmckee2320]

This is big, this is actually how breakthroughs happen in mass scale. Crypto has always been not user friendly

[@peaceTolias]

Great explanation thanks once again.

[@Pepe_ETH]

Lovely. Thanks! Guy

[@morecoinbureau]

Glad you enjoyed it Jose!

[@MarketNavigator-Crypto]

$CRE - Creso wallet is upon us 🚀🚀

[@jpl_btc]

Repeat after me: "Not your keys...Not your Bitcoin!|Crypto!"

[@Okay-time]

The thing is you don’t have to if you wish to keep your own keys you can if you wish to keep part of your keys with family Etc you can it is totally up to you and you only

[@Smoothinlife]

The lighting is awesome!

[@danielgabardo2212]

This is huge!!

[@nigeldevriese2477]

Lord gary gensler 🤣🤣🤣

[@AnudeepManne]

you're right! Convenience is key!

[@Gym_Invest78]

Is it just me or has the video quality been significantly better? 🤝

[@blockchaininvestments]

It's definitly gotten better since the last time I watched this channel 👀

[@matthewclifford5119]

They had to catch up with the others out there now.

[@julianhops5217]

no silly memes popping up during the video all the time

[@DouglasBaker013]

Brilliant. This is needed 💯% for mass adoption and other chains are working towards similar concepts, such as in the XRD RadFi announcement recently, which boasted of 'smart' accounts and a sleek wallet design AND no 12-word passphrase, including account recovery. This should truly allow for adoption in a greater number of common use cases, such as general day-to-day real estate transactions and administrative processing. Very exciting!

[@davycrockett8886]

Ethereum keeps on evolving. This is exciting news.

[@DiandraStarShine]

just no, these changes are making Ethereum LESS secure. it's no longer cryptocurrency & that is NOT hyperbole. might as well be using a CBDC..& re: many of Guy's videos, we're meant to read between the lines.

[@Firedancer100]

@@DiandraStarShine Rubbish, it’s an option. If you don’t want to keep your keys yourself, you don’t have to if you do you can it’s just an option

[@techclazz]

Thank you for the knowledge

[@HemantMaran]

Video is informative but the important thing is the beard upgrade on you. Looking great 👍

[@kaczynskiwannafly9166]

That sounds good, I think I need to get some more ETH in OWNR before it happens, I wasn't buying it lately.

[@davidburt6342]

Apparently, I'm not normal.

[@sarashah1558]

Sealana, if meme coins are your thing, this one might be worth a chuckle 👀😂

[@METAFLECTOR]

Good!

[@patrickck8185]

good news... pump the price

[@kz687]

Well explained

[@vpowerization]

Ethereum is clearly the innovation powerhouse who truly shakes the market, Ethereum produces technology standards way greater than Crypto, Ethereum is the true financial technology leader of our times! The Banking sector has only two choices 1. adopt Ethereum and function within the Ethereum ecosystem or 2. Choose an ethereum meme network and function on a second grade environment but cheaper! Whatever is the case, those who can't compete, they will vanished !

[@NothingIsReal2.0]

Let’s go crypto!

[@tofudogg]

Where is that wrist watch in the my merch store?

[@chamugas888]

Wow this is actually amazing

[@TheShaolin015]

Sounds great and all. But I can see how knowing your seed phrase with a ledger would still put you at a higher level of self sovereignty than accessing your funds via biometrics and your hot wallet.

[@te-wei]

This is a trusted system, not a trustless one.

[@Okay-time]

But you don’t have to give your keys if you don’t want to you can keep them yourself that’s the best bit it’s up to you

[@te-wei]

@@Okay-time sure, it's literally the same with storing coins on exchanges/earning platforms, people can choose to do that, however, people getting more risk by doing that.

[@Okay-time]

@@te-wei agreed, however, it’s your choice

[@DiandraStarShine]

it's neither. "trusted" is not the opposite of "trust less," which is actually a terrible colloquialism. a better word would have been better to introduce into the lexicon of words/the language used in the crypto world.😐

[@TripleJJJ38]

Normal people don’t do that 😂

[@telotawa]

ok but where can i use it?

[@Foodie_872]

Thank you

[@georgiarandle6945]

Excellent video Guy ❤

[@BitcoinAndCryptoCurrency]

simple and informative thanks

[@itskrilla0x]

Feels like these future wallet features are not gonna be as decentralized as we think. I'm cool with my 12 word seed as I have full control and know where they are at all times.

[@navin_ds]

Great video

[@ahd_rahees]

These intro barriers for new people to crypto you explained in this video was already implemented in ICP. Users doesn't need wallets to interact application and Doesn't need to pay gas fees Also doesn't have to remember the Seed phrase all the time

[@kpali888]

please agree that the Death Start and Gary Gensler line was written by ChatGPT :D

[@Dimmydxdz]

Great overview.

[@0reo2]

Yes, most people shouldn't be their own bank. That's why banks were introduced in the first place

[@NikolayMegdanov]

Well.... All this has been available on NEAR and AURORA for awhile.

[@IsraelSocial]

All good but i will never trust ETH since they remove miners because they could!

[@jarvisphelps9561]

Does this upgrade centralize ETH in any way? I just feel like taking steps for trusted parties to recover your lost keys must lead to some extent of centralization.

[@G-u-z-i-o]

It doesn't, if the end user is the one picking who to trust. And it seems that's his this works.

[@mr.b4852]

The question that needs to be asked is why invest in a protocol that needs to be updated every year.

[@pokaface8103]

That’s huge

[@stephenkrus]

WHOA! 🚀✨👍

[@matt2202]

ICP already has fingerprint or pin stored on the device chip and reverse gas. Just not the trusted individuals part

[@alanparker1651]

i love vitalik clapping

[@anthonysandovalsen]

🔥🔥🔥

[@GordonGartrell]

Sounds like Loopring already been doing this

[@Ekzit21]

I think Gary would attack Staking, this weeks. And leave coinbase staking for the grand finale the day after Shanghai

[@birrafondaio]

Thumbs up to improved UX! 🥳

[@volodymyrmoisiuk5614]

Havent seen CBs videos about fedimint or cashu.

[@seriousbutfunny2]

I agree 100%. The only thing I don't want to have to do to access my funds is use a MOBILE phone. It has to be available on laptops or other forms of computers as well. But they are on to something when they say not too many people are going to deal with the seed phrase thing. This is why a LOT of people got burned by FTX, Celsius, Voyager and other CEXES. OG's want to make it about the high yield offered, but a lot of people use it because of the ease they are used to from banks, etc. They do not have the time, bandwidth or technical knowledge to deal with the tech of this new asset class. I do however still hope that folks who do want to hold their own keys are allowed to do so. Because banks suck.

[@Firedancer100]

Yes, you can hold Your own keys this is just a Option so basically it’s up to you

[@mattl3531]

Metamask, Coinbase Wallet, Trust Wallet, etc are all accessible on your computer through extensions, not just on your phone.

[@musicmusic-je7ly]

Good

[@abdurahmanmohamed4732]

Didn’t dive deep into the technical details yet, but Eth is already under the feds fingers, it’s OFAC-compliant, they could simply force the nodes to reset the key (if my surface-level understanding of this new feature holds true)

[@willd4686]

You mean the block producers and no, they can't because the block producers don't have that ability. In fact ERC4337 operates at a layer above the block producers and requires no changes from them. You don't have to use an account with social recovery and if you do you get to decide how that feature works.

[@urindang3r]

dam right

[@xyyx1091]

Amazing

[@kosdas]

So, does this mean ethereum could finally be somehow useful to the only adoption that matters?

[@cazrep]

Just keep in mind convenience compromises security

[@Okay-time]

Yeah, the thing is, you don’t have to if you don’t want to, if you wish you can keep your keys yourself, that’s the best thing about it

[@cazrep]

@@Okay-time this isn't a point of not your content move on, it's a point that you completely missed, which is the more convenient you make things for yourself the less secure they become. While managing your private keys is inconvenient, it makes it harder to compromise. Do you get me now?

[@Okay-time]

@@cazrep I totally understand, but you still have the choice I will keep my keys. Others may not their choice, free to choose, which way they want to go.

[@Firedancer100]

You can keep your keys yourself, it’s just an option

[@matt2202]

You realise ICP already does this account abstraction right?

[@cryptoairdropsarabic]

the problem is always fees(even with the new ERC 4347) , we are using everything now without paying anything at all. tell people you have to pay some dollar every time you use a dapp is something unacceptable for the common folk. i buy and sell stocks through the bank without even paying any fees at all. eth is like our financial system. its corrupted but people still use it because they make lot of money from it .

[@livinlife8860]

Layer1x solves this

[@aidanhoffman378]

Update on $STX??

[@danrich6448]

I agree with CZ when he said most regular people will lose their crypto and shouldn't self custody. A conversation on how this conflicts with the "not your keys..." mindset would be a good video.

[@55882]

normal people make me sad, just write down the f. seed phrases!😂

[@blockchaininvestments]

2:34 Vitalik is just legendary even when he stands still.... It's honestly comedy

[@someGuy213]

🥳

[@pxkqd]

So... centralized and trusting in third parties again? Yay indeed.

[@Okay-time]

No you don’t have to give your keys if you don’t want to it’s up to you and only you

[@Darkmage1000]

Yeh thats where its gonna go. Decentralization is a dream, like socialism for the poor.

[@ehmadayyan3601]

icp already have this since it's launch 😂😂😂

[@AdamGerrald]

Another thing that Flux has already done

[@lsamobilevaletingservices7428]

Radix is the answer

[@Okay-time]

👍

[@pablo1980r]

Looks like xrd

[@fightthebully3331]

Eventually they'll make it real easy for you everyday person by just microchipping you.

[@jiasunglee9862]

FIRST 💯💯💯

[@filipelopes8852]

Talk about ada. Eth is meh

[@Lucia76846]

WienerAi better pay off or I'm eating hot dogs for the rest of my life 🌭😬

[@ktk0358]

Folks will hold their eth. Many under water and lot to gain later

[@v0rtexeu]

Can you cover Floki ot Reddit moons thnx

[@bhriscannan2080]

Lol this screams fiat world. ETH is ruined

[@abdurahmanmohamed4732]

Since the day it went PoS

[@alfiethefeline3311]

I thought the proof of stake was a game changer :D you guys need to make up your minds about this fcked up coin.

[@Okay-time]

🤡

[@Firedancer100]

Well, you don’t have to listen

[@oyuntv2019]

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