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I didn't say keep all of your cash in Bitcoin. In the current epoch, I'd cite Murphy's Law and say that anything is possible and it's wise for a CEO/CFO to pla
by rglover 2y ago
I didn't say keep all of your cash in Bitcoin.
In the current epoch, I'd cite Murphy's Law and say that anything is possible and it's wise for a CEO/CFO to plan ahead in case this happens. Bitcoin is one among several options and an excellent safeguard against corruption, political persecution, etc.
As for exchange hacks and lost keys, the business that relies on this will intelligently keep funds off-exchange/self-custody and use multisig wallets with signatures held by multiple officers of the company.
Today, it's the "nuclear option." But if enough people start transacting in Bitcoin routinely, it's the ideal future.