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Wait a few years for the Bitcoin ecosystem to mature, and all the security mechanisms developed by banks (and more advanced ones that are just inapplicable to c
by mrb 13y ago
Wait a few years for the Bitcoin ecosystem to mature, and all the security mechanisms developed by banks (and more advanced ones that are just inapplicable to cash) will appear and be applied to Bitcoin: theft insurances, properly secured web wallets (HSM, userbased multi-sig, cold wallets, etc), tamper-proof hardware wallets, etc.
- deleted 13y ago[deleted]
- Helianthus 13y agoUnicorns!
- eterm 13y agoAnd at which point we'll be back to seeing 0.3+2.9% on every transaction to cover the costs of such...
- mrb 13y agoWhich will be fine. Even with such fees, Bitcoin would remain superior to existing currencies/payement networks: instant transfers across the world, censorship resistance, etc.