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It's all been lost by third parties, though. Any idiot can make a pretty webpage advertising BitCoinBank and all the best thieves in the world can try to break
by ben509 7y ago
It's all been lost by third parties, though. Any idiot can make a pretty webpage advertising BitCoinBank and all the best thieves in the world can try to break in.
- CharlesW 7y ago> It's all been lost by third parties, though. Sadly, no. In addition to the hive of scum and villainy that are Bitcoin exchanges and other ecosystem players, there are a thousand stories of first-party losses. https://www.wired.com/story/wired-lost-bitcoin/ https://www.wired.com/story/wired-lost-bitcoin/
- ben509 7y agoI didn't consider user error because if we apply that objectively we'd have to say that standard fiat currencies don't work because people routinely lose cash to loss, theft, fire, flood, etc. My point with bitcoin is that bitcoin itself works as advertised. But like gold, directly working with bitcoin requires a good deal of specialist knowledge. That's why, as with any medium of exchange, you need an infrastructure to manage funds and enable transactions, and the crypto-monkeys are trying to replicate systems that developed over centuries.