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Does your argument still apply if you change "coins" to "cash" and "brokers" to "banks"? I leave my fiat money in banks because I judge that the risk of the ba

Does your argument still apply if you change "coins" to "cash" and "brokers" to "banks"? I leave my fiat money in banks because I judge that the risk of the bank disappearing and taking my money with it is lower than the risk of my house getting burgled, catching fire, etc. Likewise, it's entirely reasonable to think that a competent Bitcoin broker is more secure and safe than my half-assed attempt to keep my own keys and risk losing access to my coins through my own incompetence.

nkuttler 10y ago
> competent Bitcoin broker That's the entire problem. Bitcoin has existed for eight years, and for a long time virtually nobody knew about it. Not a single bitcoin broker could demonstrate competency yet. It's better to stay out of this market if you think you can trust them.
- Svekax 10y ago
  - devrandomguy 10y ago
    Looks like the parent uncovered an HN bug. I'm guessing that they posted an unbalanced asterisk, which resulted in the "reply" link being italicized, and an empty message.
    - godmodus 10y ago
      - NhanH 10y ago
        deleted 10y ago
        [deleted]
Svekax 10y ago
Bitcoin theft from brokers and outside sources has been a big issue over the years. It's universally accepted that the only responsible practice is to transfer funds from brokers and not share your private keys. I can now tell you don't own and know nothing about Bitcoin. This discussion is pointless and has now ended.
- adim86 10y ago
  Wow why the aggression man? You have a point and it will benefit the community if you spent just two more minutes to educate people on your viewpoint, rather than attack the intelligence or knowledge of others. Links to articles to back up your point will help and advice on how you store yours will be of even more help. Contribute positively. Thanks
pmorici 10y ago
Banks are insured By the fdic. There is no bitcoin custodian that has insurance that even comes close to what the fdic garuntees. Done correctly you are absolutely better off with your btc stored at home

nkuttler 10y ago

> competent Bitcoin broker That's the entire problem. Bitcoin has existed for eight years, and for a long time virtually nobody knew about it. Not a single bitcoin broker could demonstrate competency yet. It's better to stay out of this market if you think you can trust them.

Svekax 10y ago
- devrandomguy 10y ago
  Looks like the parent uncovered an HN bug. I'm guessing that they posted an unbalanced asterisk, which resulted in the "reply" link being italicized, and an empty message.
  - godmodus 10y ago
    - NhanH 10y ago
      - deleted 10y ago
        [deleted]

Svekax 10y ago

Bitcoin theft from brokers and outside sources has been a big issue over the years. It's universally accepted that the only responsible practice is to transfer funds from brokers and not share your private keys. I can now tell you don't own and know nothing about Bitcoin. This discussion is pointless and has now ended.

adim86 10y ago
Wow why the aggression man? You have a point and it will benefit the community if you spent just two more minutes to educate people on your viewpoint, rather than attack the intelligence or knowledge of others. Links to articles to back up your point will help and advice on how you store yours will be of even more help. Contribute positively. Thanks

pmorici 10y ago

Banks are insured By the fdic. There is no bitcoin custodian that has insurance that even comes close to what the fdic garuntees. Done correctly you are absolutely better off with your btc stored at home