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…in the (not unlikely) event that a malware incident on your machine… I believe it's even worse than that. The normal instinct as shown by this response is to
by po 15y ago
…in the (not unlikely) event that a malware incident on your machine…
I believe it's even worse than that. The normal instinct as shown by this response is to centralize security into a "super secure" bank. I think that's exactly the wrong thing to do. I would put some on a linux box in my closet, some on my mac, some on my flash drive, some on my windows PC. People would lose money all the time in a system like this but it would be better than having a big fat juicy target in one location.
I would be nervous living in a country where we're one data mishap away from not knowing who rightfully owns what, especially given our collective track record there. If people are serious about bitcoin, they need to get serious about adding identity into it.
- potatolicious 15y agoDoes anyone else see this as a regression? This is like the Wild West of economies, where you'd have to keep some Bitcoins locked in a safe in your study, some buried in a secret location under the porch you only know about, some under the mattress... Doesn't anyone else feel like Bitcoin is (re)introducing a huge number of problems that were the primary drivers of creating banks in the first place?
- coderrr 15y agoYes it is but I don't think Bitcoin was created out of dislike of all banks, probably just the Fed.