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I actually believe Bitcoin will live on after this, but I just can't see myself using it. I have no idea how I would turn money in to bitcoin without getting to
by badman_ting 13y ago
I actually believe Bitcoin will live on after this, but I just can't see myself using it. I have no idea how I would turn money in to bitcoin without getting totally fucked. Where I would put it that it wouldn't just get stolen through some crypto trickery I don't understand. Who knows if supposed "good guys" are really just playing a long con, or getting robbed themselves. This isn't just a flaky beta of an app that needs a couple months to shake out the bugs, people lost huge sums of money here.
- wyager 13y agoRecently, a number of my non-computer-y friends have asked me how to start using bitcoins. To my surprise, they had no trouble doing everything properly. I told them to use electrum, and they managed to A)encrypt the wallet and B) back up the seed with no help from me. I helped them back up their wallets online, and also buy bitcoins via localbitcoin. I'm confident they would have figured those out on their own eventually. Of course, these folks are mostly using OS X or linux and are relatively competent, so I'm not worried too much about malware. If they were using windows I wouldn't be as confident.
- badman_ting 13y agoThat's cool but I don't think tech-savvy is the issue here, rather it is risk aversion. I have no idea if anything you just said is secure at all. The word "encryption" doesn't make me feel any better about any of this.