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How is this different than cash though? You need to be responsible with it or you'll lose it. No different than if he kept $232M in cash, buried it somewhere an
by Ralo 4y ago
How is this different than cash though? You need to be responsible with it or you'll lose it. No different than if he kept $232M in cash, buried it somewhere and forgot where.
When we don't want to be responsible with cash, we give it to a bank. Same with BTC.
- mmastrac 4y agoNobody sane and honest would keep $232M in cash, however.
- disambiguation 4y agoHmm https://www.cnbc.com/2021/01/27/apple-q1-cash-hoard-heres-how-much-apple-has-on-hand.html https://www.cnbc.com/2021/01/27/apple-q1-cash-hoard-heres-ho...
- belltaco 4y agoIts not held as actual cash https://www.investopedia.com/ask/answers/06/companycash.asp https://www.investopedia.com/ask/answers/06/companycash.asp http://www.ahead-education.eu/why-apple-sits-on-so-much-cash.html http://www.ahead-education.eu/why-apple-sits-on-so-much-cash...
- Ralo 4y agoNor should they. That's an insecure, single point of failure to have all your cash stolen. Same with storing $232M in BTC on a single HDD. Of course, at the time it wasn't worth anything near that and he wasn't concerned. The point is, BTC should be treated as cash. If you can't handle it yourself, you give it to someone else to secure for you.