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Not your keys, not your coins

• ineedasername 4y ago
  That outlook has severe limitations though. Specifically that self-custody has very high barriers to actually using those coins without having them pass through some more centralized system at some point. There’s no cash equivalent (as yet) that is as frictionless as actual cash. Maybe the next gen of tech tech that grows from these ashes will address that problem more directly, and get more traction than prior attempts by users learning from and demanding better than what they are getting now.
  • 29athrowaway 4y ago
    You just use the exchange when you want to trade not for long-term storage.
  • netheril96 4y ago
    Well, at least we can minimize the period when the keys are not ours. If we keep the coins only for a few days on the exchange, it is unlikely that the exchange falters just during that time. But if we keep it for years, it is likely we will lose it eventually.