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You're right that a lot of the risks are due to holding in a central website. But cryptocurrency in a central website is more risky than fiat in a central websi
by Thorrez 4y ago
You're right that a lot of the risks are due to holding in a central website. But cryptocurrency in a central website is more risky than fiat in a central website, because if a central website gets hacked and the hackers steal fiat, generally those transactions will be reversed, whereas if the hackers steal cryptocurrency, generally those can't be reversed.
- junofan 4y agoWhat do you mean by stealing fiat currency from a central website? How would a website custody fiat?
- polygamous_bat 4y agoPaypal?
- Thorrez 4y agoI do an electronic transfer from bank A to bank B. I have a balance in bank B. Bank B then gets hacked.