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I disagree with this point. While the facts about the amount of bitcoin being lost are true, if someone is properly motivated to learn how to do things correctl
by bfuller 9y ago
I disagree with this point. While the facts about the amount of bitcoin being lost are true, if someone is properly motivated to learn how to do things correctly, and large amounts of money can definitely be motivating, you can be very confident in your security.
So many coins have been lost because people were careless or uninformed, not because the system is fundamentally broken.
Edit: You're free to downvote, but if you can't make a reasonable argument against me it just shows the emotional response you are leaning on. I would be happy to post a wallet address with $10,000 in bitcoin on there, if I am wrong about what I said, surely you'd be able to take the money from me?
- boffinism 9y agoJust because I can't steal from you starting from nothing but your wallet address doesn't mean that your system is secure. It just means that if there is an effective attack vector, it doesn't work by working out the private key from the public address. I agree with you that downvoting without offering counter-arguments is a sign of emotional rather than intellectual responses... but so is using straw man arguments like the one you put up.
- bfuller 9y agoI disagree. No one has ever lost bitcoins from keeping them in cold storage with multi sig keys distributed in safety deposit boxes. Literally no one. Its secure.