Vitalik’s simple multisig check revives the “walkaway test,” exposing fragile Ethereum wallet UX just as spot ETH ETFs deepen flows and raise the cost of bad design.
Summary
- Vitalik Buterin used Etherscan’s “read contract” to inspect his multisig from a phone without the Safe app, calling it a quiet win for open, walkaway‑compliant infrastructure.
- He warns this pattern will “eventually have to break” for privacy, floating viewing keys and client‑side block explorer integrations while conceding that pasting secrets into URLs is risky.
- Experimental tools like swissknifexyz and Microchain’s zk signers emerge just as spot ETH ETFs pull in sustained flows, tightening supply and making wallet fragility a priced‑in risk.
Ethereum’s co-founder is using a mundane multisig check to reopen an old wound in crypto: most wallets still fail at basic usability and the “walkaway test.”
What Vitalik actually did
“This morning I needed to check which addresses were signers on my multisig,” Vitalik Buterin wrote, noting he was “on my phone, and did not have the Safe app installed there.” Instead of reinstalling Safe, he “realized that I could just look up my address on etherscan, and use the ‘read contract’ feature to get what I want directly.”
He framed that workaround as a quiet but critical win for open infrastructure: “These are the kinds of additional UX benefits you get if your wallet or application is open source and passes the walkaway test.” In other words, if the front‑end disappears, users must still access core functions via neutral tools like block explorers.
The “walkaway test” and privacy ceiling
Buterin warned this same workflow “will eventually have to break because privacy.” His proposed direction is a “viewing key… an extended version of their address and also contains extra private info,” with block explorers reading that client‑side via URL hash fields. He concedes the trade‑off: “encouraging people to paste any kinds of secrets into URLs or webpages is risky; ultimately we just need to be able to do more things through your wallet directly.”
Developers quickly surfaced alternatives. One reply pointed to open‑source tool swissknifexyz as “another open-source alternative,” while Microchain Labs highlighted “microchain zk signers” replacing explicit multisig signatures with a zk proof of authorization, storing only a state root on‑chain. These experiments now sit against a different backdrop: the advent of U.S. spot ETH ETFs, where structural flows have started to reshape how Ethereum trades. Early weeks of trading saw ETH ETF inflows concentrate liquidity at the front of the curve, mirroring patterns once associated with Bitcoin products.
Market backdrop and ETH ETF links
This parabolic move comes as digital assets continue to trade as the purest expression of macro risk appetite. Bitcoin (BTC) is hovering around $88,235, with a 24‑hour high near $90,476 and a low near $87,549, on roughly $32.8B in dollar volumes. Ethereum (ETH) changes hands close to $2,953, with about $23.4B in 24‑hour turnover and spot quotes clustered in the $4,500–$4,600 band on major exchanges earlier this week. Solana (SOL) trades around $192, with deep liquidity across top venues.
As ETF flows deepen, analysts have warned that persistent ETH ETF demand could absorb a meaningful slice of circulating supply, while issuers race to scale vehicles whose ETH ETF assets rapidly marched toward the $1b mark in their opening phase. The through‑line is simple and unforgiving: if your product fails the walkaway test—whether a wallet or an ETF wrapper—markets eventually price that fragility in.