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You've never met a bitcoin user or tried to use it yourself. Most people whose bitcoin are not incredibly tech savy and set it up in minutes on their smart ph
by wheelerwj 10y ago
You've never met a bitcoin user or tried to use it yourself. Most people whose bitcoin are not incredibly tech savy and set it up in minutes on their smart phones.
- cbhl 10y agoOr, maybe they have. Maybe they lost some non-trivial amount of money from one of the half dozen former exchanges that had coins stolen out of their hot wallets. Or had someone hijack their AWS account credentials from GitHub to spin up hundreds of dollars of EC2 instance-hours to generate pennies of bitcoin.
- wheelerwj 10y agoYes, those are definitely use cases for the average user.
- cbhl 10y agoThey're not use cases, they're failure modes. One of the great things about banks is that the transactions are reversible. People click the wrong button all the time, and they call up their bank and say "oops, please fix it".
- vectorpush 10y agoAnd thousands of them lose their money due to bugs or simple mistakes. https://www.reddit.com/r/Bitcoin/search?q=lost+wallet+help&restrict_sr=on https://www.reddit.com/r/Bitcoin/search?q=lost+wallet+help&r...
- wheelerwj 10y agothousands of people lose cash and misplace car keys too.