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I don't really agree here. A bank is safe because your money is FDIC backed even if a robber raided their coffers, BTC doesn't have that level of security yet
by veemjeem 12y ago
I don't really agree here. A bank is safe because your money is FDIC backed even if a robber raided their coffers, BTC doesn't have that level of security yet and given the number of thefts in the last few years, I think security is something that is on everyone's minds when they choose a bank to hold their coins.
- arasmussen 12y agoThis is a good point. I guess what I should say is that I'm looking forward to the day when Bitcoin banks are FDIC backed and we can move on from being paranoid about security.