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I remember reading somewhere that Bitcoin isn't really anonymous. I think it was fundamental to how it works to have all transactions public and on the network.
by bobajeff 9y ago
I remember reading somewhere that Bitcoin isn't really anonymous. I think it was fundamental to how it works to have all transactions public and on the network.
Also, it seems like a bad idea to stash much of your wealth in a system is so vulnerable to theft. All it takes is for someone to have a momentary lapse in security or put a decimal in the wrong place or some other human error and then all that wealth is gone forever.
- noddy1 9y agoSplit your holdings into 20 portions. Invest in a range of high quality currencies and for each holding have several portions each secured with a different method. Eg. have some on a hardware wallet, some with multisig paper wallets, some buried somewhere, some with family. Generally you won't lose any. If you do lose any you are pretty well hedged.
- noitsnot 9y agoPretty well hedged? Is that supposed to be easy for the average person? This just one of the many reasons Bitcoin isn't taken seriously for widespread adoption.
- noddy1 9y agoI think in the future instead of having a accountant/lawyer assisting with private/offshore banking, you will have a crypto security consultant showing you the best way to secure your own funds.
- johnbellone 9y agoI think you're drinking a little too much from the kool-aid faucet. You're still going to need an accountant and lawyer, because you do live in the real, physical world.