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With the right systems in place, you can be protected from physical compromise. For example, if my credit card is stolen, I call visa and I'm fine.
by 6gvONxR4sf7o 7y ago
With the right systems in place, you can be protected from physical compromise. For example, if my credit card is stolen, I call visa and I'm fine.
- lostlogin 7y agoAnd who do you think foots the bill? You might not pay it in one lump sum, but I’m pretty sure you still pay it.
- wmf 7y agoPeople who lost 100% of their coins are probably wishing they had the option to buy some kind of insurance. But no, be your own bank. (Wait, don't real banks also have insurance?)
- Karunamon 7y agoCrypto is digital cash, not digital credit. If someone steals your physical wallet, you generally aren’t getting that cash back. Can we please dispense with this kind of hyperbolic nonsense?
- freeone3000 7y agoYou wouldn't carry large sums of cash on your person, so why are people considering large piles of cryptocurrency?
- literallycancer 7y agoPeople actually carry large sums in many places where credit cards aren't prevalent. Like Japan.
- 6gvONxR4sf7o 7y agoThe analogy isn't credit. It's a bank. I doubt people carry much of a percent of their total Yen wealth in their pockets.
- zelly 7y agoThe merchants who accepted the fraudulent credit card transactions don't get their money from Visa. So the merchants pay.
- lostlogin 7y ago... and factor this into their pricing, completing the circle.