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People (rightly) make the same critique of Bitcoin: it is very easy for regular people to lose their money. To keep it safe you need to be a security expert, an
by erikpukinskis 10y ago
People (rightly) make the same critique of Bitcoin: it is very easy for regular people to lose their money. To keep it safe you need to be a security expert, and even then there are no guarantees, and mistakes are forever.
My response is the same for both Bitcoin and Ethereum:
Even if these technologies are only used by trained professionals, they can still be revolutionary. Almost no one can safely operate a printing press, and yet that invention has toppled empires.
At worst, these are back office technologies. At best in a decade or two someone will figure out how to design a good enough GUI that a novice can safely explore a powerful subset the technology, trusting that bumpers are in place around the sharp edges.
- jbmorgado 10y agoPeople at large are not supposed to put money in printing presses they can't use properly, they are supposed to put money in books made by those printing presses. Ethereum is definitively unsafe, it's basically impossible to create code without any bugs, and it's impossible to prove a piece of code doesn't have any bug. That defeats the all purpose of Euthereum. Bitcoin is just unsafe by nature for the user, although the protocol itself is most probably safe.