3 ms·
See, you learned! You learned not to store all your cash in one place (on your person, or in your home). Surely you will also learn to store or bitcoin stash in
by DenisM 16y ago
See, you learned! You learned not to store all your cash in one place (on your person, or in your home). Surely you will also learn to store or bitcoin stash in an appropriate electronic analogue of the safe deposit box. Like dropbox, only with real encryption.
- jaysonelliot 16y agoAre you saying that you would keep the bitcoin equivalent of, say, USD$100,000 in this hypothetical secure location? For bitcoin to become a viable alternative currency, everyone's wallet needs to be distributed as widely as a torrent file, and secure enough that only the owner can ever open it.
- DenisM 16y agoSure. I would store it encrypted in the cloud, and I would give the copy of the key to my trusted friends, relatives,my lawyer, and my accountant. Better yet, I would give halves of the key to all those people, with some redundancy.
- mike_esspe 16y agoI think this is a great idea for bitcoin startup, especially generating halves of encryption keys.