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Just to warn folks, if they for whatever reason do something that makes want to get your money out, like not supporting a fork, the withdrawal delay on vaults c
by d23 9y ago
Just to warn folks, if they for whatever reason do something that makes want to get your money out, like not supporting a fork, the withdrawal delay on vaults can hinder your ability to get your funds out in time. Make sure if you do this that you stay on top of any future time-sensitive announcements they make so you can withdraw in time.
- cvsh 9y agoIt's a tough catch-22. Cryptocurrencies are so volatile that there's a non-negligible risk that locking away a large sum for 48 hours could potentially cost you nearly all of it. And they're so hackable that not putting a time delay on withdrawals could also potentially cost you all of it.
- QAPereo 9y agoIs there some reason that a bank safety deposit box isn’t the gold standard?
- bastawhiz 9y agoSafety deposit boxes are subject to many problems, most notably human error. Death certificate fraud is far more common that you'd imagine. I would bet that far more has been stolen from safety deposit boxes through social engineering and fraud than from hacking cold storage systems.