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People should really understand that trustless systems mean not trusting an exchange. If the coins aren't in your own wallet, you don't own them An exchange is

by __s 9y ago

People should really understand that trustless systems mean not trusting an exchange. If the coins aren't in your own wallet, you don't own them An exchange is not a bank

otachack 9y ago
True, but it doesn't help that exchanges are pitching themselves as a bank.
ceejayoz 9y ago
Of course, then you have to trust your own infosec. I don't, personally. Too many ways to fuck it up, and the bad guys only need to get it right once.
- AlexCoventry 9y ago
  Dedicated hardware and encrypted backups go a long way.
  - ceejayoz 9y ago
    Sure, until this happens: http://www.dailymail.co.uk/news/article-5323601/Bitcoin-robbers-alerted-fortune-prolific-trading.html http://www.dailymail.co.uk/news/article-5323601/Bitcoin-robb... Harder to do that to an exchange.