3 ms·
>I've never understood the point of bitcoin I'm far from a Bitcoin maxi, but I own a small % in my portfolio. Here's my take: We are entering a world of abun
by itsoktocry 5y ago
>I've never understood the point of bitcoin
I'm far from a Bitcoin maxi, but I own a small % in my portfolio. Here's my take:
We are entering a world of abundant cyber-terrorism. If my bank and/or brokerage gets hacked, why do I own? I have nothing except that entry in their book keeping. And if you think, "It's backed up, they'll have you up and running in no time", I'm skeptical. I think anything like this would be chaotic.
This is much harder to do to whatever wealth I have tied up in Bitcoin. As long as the internet is running, there's a permanent record of what I own.
- simonsarris 5y agoThat's funny because the only people I know who had big sums of money lost via hacking were holding crypto.
- salamandersauce 5y agoCouldn't the hacker just transfer your bitcoin into their wallet? I think if my bank had a castrophihic record failure I'm going to get the money back eventually. I have far less hope about recovering stolen bitcoin.