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Is trusting a third party with your BTC any different than trusting an online storage company with your data?

• stuhood 15y ago
  Yes, it is: assuming you use client side encryption, an online storage company never needs to know your secrets. It's the difference between a trusted and untrusted third party.
  • dfc 15y ago
    But you lose their data if someone takes over their server and deletes the data.