4 ms·
it's superior in terms of not having the trusted third party that facilitates your trade make off with your money, as is happening in these self-described excha
by SuoDuanDao 4y ago
it's superior in terms of not having the trusted third party that facilitates your trade make off with your money, as is happening in these self-described exchanges right now. Keeping a trusted third-party in the loop is always cheaper than automating that function using a blockchain, unless the risk is factored in.
- cma 4y agoThe risk of misplacing your keys/passphrase or getting hacked with it in plaintext on your computer may be higher across the end-user population.
- oblio 4y ago"May be higher" is a gross understatement. Is "provably much higher" is closer to the truth.
- LawTalkingGuy 4y agoThere are a few classes of users. If you're the type who always uses the "I forgot my password" workflow on sites then you probably are the type who will lose your keys. But if you're the type of trader who makes a trade and then forgets about it for a while you're at risk of losing the funds left on the exchange - like with Paypal.