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> Now with a smartphone, browser and internet connection, they can buy exposure to US equities without a brokerage from any country. 1. While this is technical
by mbesto 6y ago
> Now with a smartphone, browser and internet connection, they can buy exposure to US equities without a brokerage from any country.
1. While this is technically become realer and realer every day, it's becoming less and less logistically due to regulation.
2. Eventually people will realize that the frictionless experience of crypto is also its greatest security risk[0]. Why do you think the Winklevoss twins store their wallet backup codes in...you guessed it...BANKS! ha.[1]
The Winklevosses came up with an elaborate system to store and secure their own private keys. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have the entire key.
[0] - https://gist.github.com/chitchcock/1281611 https://gist.github.com/chitchcock/1281611
[1] - https://www.nytimes.com/2017/12/19/technology/bitcoin-winklevoss-twins.html https://www.nytimes.com/2017/12/19/technology/bitcoin-winkle...