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> Cryptocurrencies have proven that you don't have to have traditional layers of trust and that's where I see the technological breakthrough. Are you sure abou
by Sebb767 5y ago
> Cryptocurrencies have proven that you don't have to have traditional layers of trust and that's where I see the technological breakthrough.
Are you sure about that? Crypto forums are littered with posts of people having lost their coins due to some stupid mistake, be it a harddrive crash, a malformed transaction, a scam or even an actual hacker. Now, I'm not saying banks are perfect, but you at least have some hope to get your money back. With crypto, it's quite easy to loose it in the void.
And if your money is in an insured, legal exchange, managed by someone else, you're using a fancy stock brokerage with some extra payment options. It's cool, yes, but not a paradigm shift.