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I don't know too much about bitcoin but am I reading this correctly that they had $60 million in ONE wallet? Wouldn't it be wise to have part of this money in
by snowpanda 9y ago
I don't know too much about bitcoin but am I reading this correctly that they had $60 million in ONE wallet?
Wouldn't it be wise to have part of this money in several "offline" wallets or something?
- earenndil 9y agoApparently the reasoning is that this would cut fees on transferring money. Instead of transferring it from wallet to wallet, which would incur fees, they keep it all in one wallet, and change internal numbers.