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Yep, which is why if you have $500K you keep it in the bank and not in your wallet. (Err, not that $500K would fit in your wallet, but anyway...) Bitcoin has n
by hugh3 15y ago
Yep, which is why if you have $500K you keep it in the bank and not in your wallet. (Err, not that $500K would fit in your wallet, but anyway...)
Bitcoin has no "bank" equivalent.
- Jetlag 15y agoExcept you can put a wallet on a thumb drive, and literally put it in a bank (safe deposit box).
- abofh 15y agoThough interestingly, your bank isn't generally required to repay you for losses in your safe deposit box unless it arises from their negligence.
- burgerbrain 15y agoExactly, make sure the only copies of the wallets with your money are on non-networked, non-running hardware, preferably just straight up storage media, and secure it physically. You can make it as secure as you can possibly make anything. Hell, you could even get it insured.
- erikpukinskis 15y agoProbably makes sense to print it out on a sheet of paper and put it in there too.
- noglorp 15y agoWhat do you call exchanges that hold an on-site balance? I'm also fairly sure there are several brands trying to provide a "bitcoin banking service".
- rick888 15y agonot decentralized?