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My #1 argument against the feasibility of cryptocurrency: Can my parents not their get money stolen?

• PretzelPirate 3y ago
  Can crypto currency be used easily? Yes, through centralized entities like where your parents currently store their money. Some people may forgoe ease and aim for self-custody because they value decentralization over convenience. Others will choose a middle ground where they and a centralized entity both hold part of the key, ensuring that the 3rd party can't move their funds without permission.
  • deleted 3y ago
    [deleted]
• RalfWausE 3y ago
  This is an argument against any form of direct payment... i mean, you can get your cash stolen very easily...
  • Philadelphia 3y ago
    Yes. And so cryptocurrency is a reversion to a model of payment that’s been rejected by most people for its poor security.
    • friend_and_foe 3y ago
      Cash has been rejected by most people due to its poor security? I have to ask for a source on that. Cash is still the most popular form of money, and if you have low trust in your government or institutions/live in a corrupt society, is more secure than other options.