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What was the very scary part? you just need to copy and paste a Bitcoin address, it literally can not be simpler :) is it maybe the the alphanumeric hash that l

by pera 9y ago

What was the very scary part? you just need to copy and paste a Bitcoin address, it literally can not be simpler :) is it maybe the the alphanumeric hash that looks scary?

lawn 9y ago
Handling a potentially large of money and keeping it secure? How to store the key? What happens if I loose my phone/computer? How can I protect myself from fire and theft? Which wallet to choose? How can I be certain I don't have a virus waiting to steal my coins? Did i copy my address correctly? That's a lot of uncertainty for "it literally can not be simpler".
- pera 9y ago
  Being able to easily handle a potentially large amount of money is exactly the reason why Bitcoin was created in the first place, so you don't need to depend on entities like banks. But even then, if you don't want to do that, there are other exchanges and online wallets that can do all that for you.
  - lawn 9y ago
    Uh, you literary did not respond to any of my remarks on why someone might find it scary.
    - pera 9y ago
      But I did: if you read my comment you will see I literally wrote that you don't have to store the wallet yourself, just use some online wallet. Another option is a hardware wallet like Trezor. What I don't understand is why would anyone who is so scared of using Bitcoin transfer money to Coinbase to buy Bitcoins. To me this is the same as withdrawing all your money from your bank while being super scared of having your own savings in cash at home.
      - lawn 9y ago
        No, that doesn't address the potential fear a customer might have. And I didn't even mention the problems with an online wallet. Yes, you should fear online wallets.
        pera 9y ago
        To buying bitcoins on Coinbase (and almost any other exchange) one have to use their online wallet. Fear was not a decisive issue when you (fig.) decided to buy bitcoins, but for whatever reason it is now that you want to move them somewhere else?

by pera 9y ago

What was the very scary part? you just need to copy and paste a Bitcoin address, it literally can not be simpler :) is it maybe the the alphanumeric hash that looks scary?

lawn 9y ago

Handling a potentially large of money and keeping it secure? How to store the key? What happens if I loose my phone/computer? How can I protect myself from fire and theft? Which wallet to choose? How can I be certain I don't have a virus waiting to steal my coins? Did i copy my address correctly? That's a lot of uncertainty for "it literally can not be simpler".

pera 9y ago
Being able to easily handle a potentially large amount of money is exactly the reason why Bitcoin was created in the first place, so you don't need to depend on entities like banks. But even then, if you don't want to do that, there are other exchanges and online wallets that can do all that for you.
- lawn 9y ago
  Uh, you literary did not respond to any of my remarks on why someone might find it scary.
  - pera 9y ago
    But I did: if you read my comment you will see I literally wrote that you don't have to store the wallet yourself, just use some online wallet. Another option is a hardware wallet like Trezor. What I don't understand is why would anyone who is so scared of using Bitcoin transfer money to Coinbase to buy Bitcoins. To me this is the same as withdrawing all your money from your bank while being super scared of having your own savings in cash at home.
    - lawn 9y ago
      No, that doesn't address the potential fear a customer might have. And I didn't even mention the problems with an online wallet. Yes, you should fear online wallets.
      - pera 9y ago
        To buying bitcoins on Coinbase (and almost any other exchange) one have to use their online wallet. Fear was not a decisive issue when you (fig.) decided to buy bitcoins, but for whatever reason it is now that you want to move them somewhere else?