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This shows again that even literally core bitcoin people are not competent to run their own banks. What chance does the unbanked have? They'll have a much bett

• gruez 4y ago
  >This shows again that even literally core bitcoin people are not competent to run their own banks. I guess that’s true, but only in the sense of “even core devs can get lazy/stupid/cocky and fail to implement basic security measures (eg. hardware wallets)”, not “securing bitcoins is such an impossible feat that even a bitcoin core dev can do it”
  • knorker 4y ago
    Right. I'm not saying it literally impossible to do it right. I'm saying it's impossible to achieve mainstream audience competence. In other words: the states aims of cryptocurrencies don't scale in this aspect either. For the mainstream the advice becomes: Don't leave your coins in an exchange or other third party. But also don't manage it yourself. Leaving no option.
  • thefounder 4y ago
    Even the security experts fall to phishing scams. Should we stop using the internet for financial transactions? After decades of stupid "secure" password policies and lately almost worthless sms/otp as second factor auth the industry finally came up with a real solution: webauthn. I think that if a webauthn like solution is provided for crypto storage then you won't see wallets stolen anymore.