3 ms·

That's..a different discussion. My point is that IN bank and IN wallet are both technically incorrect, but for basically all purposes correct. But yes, you are

That's..a different discussion. My point is that IN bank and IN wallet are both technically incorrect, but for basically all purposes correct. But yes, you are right that the vast majority of users of [piece of software] have not verified [piece of software] and are relying on other humans to basically tell them if they should or shouldn't run it.

lottin 5y ago
You have a point in that neither bank accounts nor bitcoin wallets are wallets in any shape or form, the difference is bank accounts are not advertised as wallets, but bitcoin wallets are. Also interesting that the bitcoin imagery is all about gold coins, when in fact there are no coins at all, virtual or otherwise. Bitcoin is merely an abstract unit of count. The very name 'bitcoin' is misleading. Everything about cryptocurrencies seems fraudulent in one way or another.
- thebean11 5y ago
  You really think people equate crypto wallets with physical wallets, more than they do bank accounts? Not sure I agree. I think it would be much better if they did equate it with a wallet. An account can be recovered if lost, a wallet cannot. Wallet encourages better behavior security wise IMO. I think you're grasping at straws with the coins thing..you really think there's an attempt to confuse people into thinking that it's..physical coins?
  - lottin 5y ago
    From my experience, most people are left in disbelief when you tell them that the bitcoins they own are not in their wallet. It reflects a deep lack of understanding of how bitcoin works. I don't think misunderstanding how a financial product works is a good thing. Whereas, again, from my experience, bank accounts are well understood. People are fully aware that their funds are not being kept in a box in the bank's vault, and no one tries to convince them of the contrary either.

3 ms·

That's..a different discussion. My point is that IN bank and IN wallet are both technically incorrect, but for basically all purposes correct. But yes, you are

by thebean11 5y ago

lottin 5y ago
You have a point in that neither bank accounts nor bitcoin wallets are wallets in any shape or form, the difference is bank accounts are not advertised as wallets, but bitcoin wallets are. Also interesting that the bitcoin imagery is all about gold coins, when in fact there are no coins at all, virtual or otherwise. Bitcoin is merely an abstract unit of count. The very name 'bitcoin' is misleading. Everything about cryptocurrencies seems fraudulent in one way or another.
- thebean11 5y ago
  You really think people equate crypto wallets with physical wallets, more than they do bank accounts? Not sure I agree. I think it would be much better if they did equate it with a wallet. An account can be recovered if lost, a wallet cannot. Wallet encourages better behavior security wise IMO. I think you're grasping at straws with the coins thing..you really think there's an attempt to confuse people into thinking that it's..physical coins?
  - lottin 5y ago
    From my experience, most people are left in disbelief when you tell them that the bitcoins they own are not in their wallet. It reflects a deep lack of understanding of how bitcoin works. I don't think misunderstanding how a financial product works is a good thing. Whereas, again, from my experience, bank accounts are well understood. People are fully aware that their funds are not being kept in a box in the bank's vault, and no one tries to convince them of the contrary either.