I have been thinking about writing this for a while, but recent events have encouraged me to find out for myself. (thanks gemini for PoC thanks others for encouragement)
I hear a lot of talk of “compliance” being the issue, or “the tech is to hard to codesafe”, “Making HSM’s are hard”, “Exchanges are reluctant to talk to us about their back end” and probably worst of all “user demand threshold is not high enough”
The crazy thing is zcash tech in and of itself could make hsms compliant. (but thats a different post)
I have done some digging. As far as I can tell the issue is not technical (I have spoken to two very high up people within the manufacture of payment hsm’s. They are working with exchanges.)
For CodeSafe just be posix compliant and the company will help you.
Exchanges shouldnt be talking to you about their back end. that support should be done between you and the HSM maker.
There is no user demand because people cant be bothered to add z2anything support (<3 gemini).
These are very basic assumptions that are easily falsifiable, whats more, none of them are an excuse. I am going to write a proposal to spend a few months investigating why this support is not there, and use my knowledge and contacts within the HSM and FinTech industry to see if the foundation can do something to solve this issue.
I am sure they can, and I am sure with their support we can find out the real blockers, solve them, then hopefully pass a card to an exchange and say add this and you get z support.
I guess, im saying its time for me to put up or shut up. HSM’s should not be blockers. we are competing, or even use these - payShield-9000-ds.pdf (thalesgroup.com)
(I made that!)
If you made it this far here is a little known fact about “blockchain” - it was meant to replace the hsm in the banking industry. so people “could be their own bank” - it was broken from the start. zcash imho is the only coin that fixes that whilst adding value service on top.
As much feedback as possible would be amazing. I would like to try to get a proper proposal in before the end of the month.
If you would like to help me thrashout ideas and styles please pm me or post in this thread. I am going to do the formatting and create the outline in the proposal thread now.
edit: any reasons I have missed would really help. please quote or screenshot so I can gather context