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It'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 yo
by cvsh 9y ago
It'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.