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You being responsible for the security of your assets is the price you pay for having total control and ownership, just like with everything else. Putting money
by VMG 13y ago
You being responsible for the security of your assets is the price you pay for having total control and ownership, just like with everything else. Putting money in the bank or PayPal reduces the risk of theft but increases the risk of bail-ins and account freeze. There is always a tradeoff.
Bitcoin offers a lot of security mechanism that are not available with traditional asserts, like m-of-n-keys etc. Insured online wallets will become available as well.
- tlrobinson 13y agoI agree with everything you said. I've had friends lose Bitcoins both stored themselves and in exchanges/online wallets. In any case you should think carefully about your choice.