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Bitcoin has the same issue as gold in that regard: it's not that easy to hold it securely both from third party attackers and from your own stupidity. You can e
by Xixi 9y ago
Bitcoin has the same issue as gold in that regard: it's not that easy to hold it securely both from third party attackers and from your own stupidity. You can encrypt everything behind a password, but what if you forget that password? So you write it down somewhere, but then what if this somewhere is stolen? How do you handle sudden death, or loss of memory? You can also leave all your crypto currencies to a third party, but do you really trust that third party?
These problems are mostly solved for "us", on hacker news. You might even say that it's easy to solve. Yet the status quo for anything digital around me is "hello123" as a password, and panic when having to re-enter the gmail password on that new iDevice because it has long been forgotten and neither "hello123" nor "hello321" worked.