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I'm sorry that happened to you. That really sucks. However, this happens more often in crypto. It is much safer to use a regular bank.
by dwaltrip 4y ago
I'm sorry that happened to you. That really sucks.
However, this happens more often in crypto. It is much safer to use a regular bank.
- latchkey 4y agoIt isn't about frequency, it is about possibility. Source for your "more often" comparison though? Certainly people have had their wallets drained because they handed out the keys or stored their stuff on a centralized exchange, but that's not a lot different than a regular theft. I don't know of anyone who's had a crypto wallet drained by a third party where the wallet was secure.
- JumpCrisscross 4y ago> don't know of anyone who's had a crypto wallet drained by a third party where the wallet was secure Bit of a tautology.
- rchaud 4y ago> I don't know of anyone who's had a crypto wallet drained by a third party where the wallet was secure This is going back to the rsync v Dropbox discussion. Yes, those who know all the steps necessary can spin up their own encrypted file sync server. 99.5% of the remaining user base will use Dropbox or some other managed solution. Same with Coinbase and all the other exchanges. "nOt yOuR kEys" is not a good argument when there are millions going into ads and influencer videos pitching Coinbase as the de facto crypto equivalent to regulated brokerages. On Robinhood, people don't move their funds back to their bank acct after every single transaction and they don't expect to do so in crypto either.
- DangIsAWang 4y agoSo simply using a program as it was designed is, "asking too much?" At that point you can't blame the devs or anyone else involved except the users.
- dwaltrip 4y agoIf it is difficult to use or poorly designed, then yes.
- DangIsAWang 4y ago