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> Don't keep it on exchange. This advice has always made me chuckle. It so profoundly misunderstands how non-techies actually think and operate, that I genuine

> Don't keep it on exchange. This advice has always made me chuckle. It so profoundly misunderstands how non-techies actually think and operate, that I genuinely wonder how it arose. Exchanges exist and are incredibly popular because they're convenient. If you want to convince people to stop doing something that you think is bad, you need to provide a more convenient alternative, otherwise your advice will be ignored.

BLKNSLVR 6y ago
Or provide the myriad examples of why "Don't keep it on exchange" is good advice[0][1][2]. But it's not up to the advice-giver to do the due diligence. [0]:https://cryptosec.info/exchange-hacks/ https://cryptosec.info/exchange-hacks/ [1]:https://coiniq.com/cryptocurrency-exchange-hacks/ https://coiniq.com/cryptocurrency-exchange-hacks/ [2]:https://selfkey.org/list-of-cryptocurrency-exchange-hacks/ https://selfkey.org/list-of-cryptocurrency-exchange-hacks/
- ashtonkem 6y ago
  You’re kind of sidestepping my point. Yes, it’s a good idea to keep your coins off the exchange, for all the reasons you’ve provided. The issue is that keeping your money off exchange is far less convenient, which is exactly why most people keep their couns on exchanges despite the risks. If the Bitcoin community in general wants people to stop getting hacked on exchanges, they need to provide more convenient alternatives rather than just continuing to say “keep your coins off the exchange” and blaming users who get hacked for not following this advice. It’s a bit like recommending that everyone not drive to avoid dying in car crashes. This advice is strictly speaking true; the less you drive the less likely you are to die in a car crash. But it completely ignores why people drive and therefore most people won’t listen. As a society we’ve decided that rather than asking people to not drive, it makes more sense to focus on making driving safer per mile travelled. This is a much more effective strategy at reducing driver deaths.
  - ric2b 6y ago
    If some people like to leave their house unlocked because it's convenient it's not my duty to make them a more convenient door lock, it's quite enough to warn them about the dangers and let them make their own decisions. It's not like using a wallet is hard or inconvenient, it's just an extra step, like reaching for your keys before entering your house. But there can certainly be a business opportunity there, sure.
    - ashtonkem 6y ago
      This is exactly my point. To you it seems so easy, you have no idea why others don’t do it. Yet the fact that others aren’t doing it enough implies that it isn’t easy for everyone else, which is why the repeated advice given to non-techies isn’t working.
      - ric2b 6y ago
        > To you it seems so easy, you have no idea why others don’t do it. Oh, I know, it's because they haven't tried using a wallet yet. That's the biggest hurdle, choosing one and actually setting it up. After that it's about as convenient as the exchange. A lot of people trust exchanges way too much, and so they don't see a reason to do any extra steps until they get burned.
    - deleted 6y ago
      [deleted]

BLKNSLVR 6y ago

Or provide the myriad examples of why "Don't keep it on exchange" is good advice[0][1][2]. But it's not up to the advice-giver to do the due diligence. [0]:https://cryptosec.info/exchange-hacks/ https://cryptosec.info/exchange-hacks/ [1]:https://coiniq.com/cryptocurrency-exchange-hacks/ https://coiniq.com/cryptocurrency-exchange-hacks/ [2]:https://selfkey.org/list-of-cryptocurrency-exchange-hacks/ https://selfkey.org/list-of-cryptocurrency-exchange-hacks/

ashtonkem 6y ago
You’re kind of sidestepping my point. Yes, it’s a good idea to keep your coins off the exchange, for all the reasons you’ve provided. The issue is that keeping your money off exchange is far less convenient, which is exactly why most people keep their couns on exchanges despite the risks. If the Bitcoin community in general wants people to stop getting hacked on exchanges, they need to provide more convenient alternatives rather than just continuing to say “keep your coins off the exchange” and blaming users who get hacked for not following this advice. It’s a bit like recommending that everyone not drive to avoid dying in car crashes. This advice is strictly speaking true; the less you drive the less likely you are to die in a car crash. But it completely ignores why people drive and therefore most people won’t listen. As a society we’ve decided that rather than asking people to not drive, it makes more sense to focus on making driving safer per mile travelled. This is a much more effective strategy at reducing driver deaths.
- ric2b 6y ago
  If some people like to leave their house unlocked because it's convenient it's not my duty to make them a more convenient door lock, it's quite enough to warn them about the dangers and let them make their own decisions. It's not like using a wallet is hard or inconvenient, it's just an extra step, like reaching for your keys before entering your house. But there can certainly be a business opportunity there, sure.
  - ashtonkem 6y ago
    This is exactly my point. To you it seems so easy, you have no idea why others don’t do it. Yet the fact that others aren’t doing it enough implies that it isn’t easy for everyone else, which is why the repeated advice given to non-techies isn’t working.
    - ric2b 6y ago
      > To you it seems so easy, you have no idea why others don’t do it. Oh, I know, it's because they haven't tried using a wallet yet. That's the biggest hurdle, choosing one and actually setting it up. After that it's about as convenient as the exchange. A lot of people trust exchanges way too much, and so they don't see a reason to do any extra steps until they get burned.
  - deleted 6y ago
    [deleted]