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What do you think banks do? When you store a -lot- of value like a pile of gold bars, you are going to need more than a foam and aluminum hotel safe.
by lrvick 4y ago
What do you think banks do? When you store a -lot- of value like a pile of gold bars, you are going to need more than a foam and aluminum hotel safe.
- tsimionescu 4y agoFor me as a consumer, storing money in a bank is far simpler and more convenient and more likely to not get me burned than it is to store various hardware tokens with various banks (having to physically retrieve them when I actually want a purchase). So, if the only way to secure BTC is to this cold wallet dance, then it's clear BTC is not a usable store of value compared to USD.
- lrvick 4y agoThe only way to secure a -lot- of BTC. Or you can pay a custodian to do it for you. You have the same options as cash. Most people do not store millions in cash or gold at home.