5 ms·
except it doesn't solve either, because it's still risky to keep (whether with a 'trusted third party' or at home on some physical device... at the end of the d
by jmartin2683 4y ago
except it doesn't solve either, because it's still risky to keep (whether with a 'trusted third party' or at home on some physical device... at the end of the day it can't be better than physical possession.. i.e. cash). volatility is a lot worse than stable inflation, and deflation (just HODL!) is much, much worse to the point of demonstrating the degree to which bitcoin is not useful as a monetary unit of exchange.
- Victerius 4y agoBank robberies are no longer a thing in the 21st century. No one loses their savings because of thieves.
- megous 4y agoOf course it's still a thing, both regular robberies and digital ones. And people lose savings to online thieves and cheats who take control of their accounts, or manage to perform transfers on their behalf.
- notch656a 4y agoThey still do, it's just the thieves have the backing of the court system. https://ij.org/report/seize-first-question-later/ https://ij.org/report/seize-first-question-later/
- jmartin2683 4y agoAt least when you do, you’re fdic insured up to 100k typically
- gruez 4y ago>it's still risky to keep (whether with a 'trusted third party' or at home on some physical device... at the end of the day it can't be better than physical possession.. i.e. cash). I'm not sure how you can conclude that password protected, geographically distributed (eg. 2 of 3 multisignature) storage "can't be better than physical possession.. i.e. cash".
- jmartin2683 4y agoI mean a realistic use case that a normal person would actually do… people who are used to just tapping their iPhone twice to pay for things. My mom has absolutely no clue what you’re talking about… at best she might have a ledger nano one day