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Do you really need to access all your coins instantly from multiple places? The worst thing about this is that you are probably recommending this scheme to eve
by jafaku 13y ago
Do you really need to access all your coins instantly from multiple places?
The worst thing about this is that you are probably recommending this scheme to everyone else.
- Aqueous 13y agoIt's not a scheme. And I would advise anyone who asked to make up their own mind about where to store it. If they feel confident that they can 100% keep their wallets safe better than CoinBase can, then absolutely, yes, they should keep it on their home machine. The promise of BitCoin is that it functions like cash, with all the advantages of electronic payments. If I can't bring my cash with me everywhere, then yes, it does fundamentally limit its utility to me. BitCoin is just like any other money: the base system is based on distrust but for it to be mainstream an ecosystem of trust must be built around it. If we can't sort out the difference between competent BitCoin institutions and incompetent ones then we are in a world of trouble.
- RedneckBob 13y ago"BitCoin is just like any other money: the base system is based on distrust but for it to be mainstream an ecosystem of trust must be built around it." Speaking of ecosystem, I noticed that FDIC insurance suspiciously missing.
- Aqueous 13y agoIt's only a matter of time. If BitCoin makes the legal transition from commodity to currency then FDIC regulations will apply.