3 ms·
Overstock isn't accepting BTC, they are accepting USD from Coinbase, who in turn accept BTC. Coinbase bears the security risk.
by tadfisher 13y ago
Overstock isn't accepting BTC, they are accepting USD from Coinbase, who in turn accept BTC. Coinbase bears the security risk.
- chii 13y agoso swap the reference to the opsec of Overstock with coinbase's. as soon as there's enough money, well funded organizations will start attacking, and robbing a bitcoin wallet is probably less risky than a bank...
- thelsdj 13y agoI believe Coinbase holds the majority of their BTC in offline wallets distributed in multiple bank vault around the world. They are probably one of the groups with the best BTC storage security (while maintaining usability). So yes, if they WERE to be robbed, then that would basically mean that no one is able to properly secure BTC.