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What about security / hacking threats? Say I have precious metal in safes at some banks, good luck to steal it from me overnight. Now imagine people get a digi
by jlnthws 6y ago
What about security / hacking threats?
Say I have precious metal in safes at some banks, good luck to steal it from me overnight. Now imagine people get a digital wallet on their smartphone. It's now easier to rob them of their lifetime savings, in the stealthiest manner ever. Surely easier than to mine the asteroid next door. Software bugs, hardware backdoors, social engineering, or just not understanding how it works... even the most tech savvy is at risk.
- boring_twenties 6y agoI'm not sure how you make the leap from using a digital wallet on your smartphone to keeping all your life savings in it?
- oblivionorange 6y agoWhat kind of madman would walk around with their entire life savings in a hot wallet on their smartphone? That would be nearly as irresponsible as carrying your entire net worth around in a backpack.