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> This is obviously true. No it isn't because the leaks don't come from the credit card system; they come from vendors and it's not possible to make every vend
by gnaritas 13y ago
> This is obviously true.
No it isn't because the leaks don't come from the credit card system; they come from vendors and it's not possible to make every vendor secure. PCI is an industry joke, everyone knows it; Target wasn't even compliant.
> but I trust Amex a whole hell of a lot more than I trust Coinbase
Yes, but you're ignoring the best option, trust no one, keep your own coins. The whole point of a peer to peer system is that you don't have to rely on a third party to keep your stuff.
> (and to be clear, that's the problem bitcoin has to solve, getting trust from normals). I realize there will be disagreement about such assessments.
I do disagree because normal's simply aren't necessary for bitcoin's success; it's already useful enough and used enough to be considered successful as a means of international payment and transfer of wealth. As a commodity, normals will be investing in it without even knowing it as soon as the ETF's hit Wall Street, so their explicit trust simply isn't required.
- maxerickson 13y agoThe reason leaks matter is because the credit card system uses magic numbers and later looks to see that everyone is okay with the transactions they list. They can move away from this to something with more built in security. That makes leaks matter less. We disagree that managing a bitcoin wallet is a better option than traditional banking. That's fine. edit: That last bit sounds smug now. I don't mean it that way, I mean I don't think we are going to get anywhere going back and forth over it.
- gnaritas 13y agoI didn't think it smug.