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> BTC is hard to keep secure. It's very easy to secure. Create keypairs offline. Print keypairs. Send coins to address(es). Store paper wallet in safe place.

by ingler 12y ago

umanwizard 12y ago
This is still a huge hurdle compared to fiat, which is: Put in bank.
- ingler 12y ago
  All currencies and value systems have their own inherent strengths and weaknesses, depending on how and where they're being used. Bitcoin is no different. The all or nothing thinking when it comes to currencies reminds me of hearing people talk about religions.
galactus 12y ago
Very impractical if you want to use bitcoin as currency
- ingler 12y ago
  Security isn't ever easy. Sacrificing convenience is an easy trade.
pdx 12y ago
Your mindset represent a trend that is rampant in the bitcoin community, and is a huge drag on bitcoin, in my opinion. The mindset being that you're securing your life savings. That mindset is prevalent in the bitcoin community, because many of them indeed hope that their bitcoin IS their life savings. They hope for the day when their bitcoin has appreciated to the point that it's a significant asset, worthy of significant pains to protect it. From that perspective, your mindset it rational and correct. The problem is that when you advocate such complex storage and use methods, you are advocating unnecessary complexity for the people you are attempting to sway to bitcoin. The normal person who wants to send $50 to his mother in the Philipines, or wants to have $100 on his phone to buy beer and hotdogs with, does not need such complexity, and will quickly run the other way when bombarded by it. Any normal person who looks in to bitcoin, is bombarded with crazy ideas that the self appointed bitcoin experts claim he must must jump through. * Use multiple addresses for privacy. Nobody should reuse an address. * Use offline storage * Generate your addresses on computers not connected to the internet * Use a trezor. * Use a deterministic wallet * Don't use coinbase or circle, or the government will track you This barrage of advice, which does indeed make sense for aspiring bitcoin millionaires and criminals, doesn't make sense for normal people, but nobody tells them that. Instead, they tab their browser over to facebook and resume their day, secure in the knowledge that bitcoin is not for them. If you insist on making bitcoin the domain of nerds, only nerds will use bitcoin.
- ingler 12y ago
  I'd never claim to be normal, but I'm neither a bitcoin millionaire nor a criminal. If Bitcoin is "too hard" to figure out for someone, they probably shouldn't use it.
  - IgorPartola 12y ago
    And Bitcoin is too hard to figure out for 99.99999% of the population, which is why it'll never reach mainstream adoption?
    - ingler 12y ago
      Probably so. It still doesn't take away from Bitcoin's underlying usefulness.

> BTC is hard to keep secure. It's very easy to secure. Create keypairs offline. Print keypairs. Send coins to address(es). Store paper wallet in safe place.

by ingler 12y ago

> BTC is hard to keep secure. It's very easy to secure. Create keypairs offline. Print keypairs. Send coins to address(es). Store paper wallet in safe place.

umanwizard 12y ago

This is still a huge hurdle compared to fiat, which is: Put in bank.

ingler 12y ago
All currencies and value systems have their own inherent strengths and weaknesses, depending on how and where they're being used. Bitcoin is no different. The all or nothing thinking when it comes to currencies reminds me of hearing people talk about religions.

galactus 12y ago

Very impractical if you want to use bitcoin as currency

ingler 12y ago
Security isn't ever easy. Sacrificing convenience is an easy trade.

pdx 12y ago

Your mindset represent a trend that is rampant in the bitcoin community, and is a huge drag on bitcoin, in my opinion. The mindset being that you're securing your life savings. That mindset is prevalent in the bitcoin community, because many of them indeed hope that their bitcoin IS their life savings. They hope for the day when their bitcoin has appreciated to the point that it's a significant asset, worthy of significant pains to protect it. From that perspective, your mindset it rational and correct. The problem is that when you advocate such complex storage and use methods, you are advocating unnecessary complexity for the people you are attempting to sway to bitcoin. The normal person who wants to send $50 to his mother in the Philipines, or wants to have $100 on his phone to buy beer and hotdogs with, does not need such complexity, and will quickly run the other way when bombarded by it. Any normal person who looks in to bitcoin, is bombarded with crazy ideas that the self appointed bitcoin experts claim he must must jump through. * Use multiple addresses for privacy. Nobody should reuse an address. * Use offline storage * Generate your addresses on computers not connected to the internet * Use a trezor. * Use a deterministic wallet * Don't use coinbase or circle, or the government will track you This barrage of advice, which does indeed make sense for aspiring bitcoin millionaires and criminals, doesn't make sense for normal people, but nobody tells them that. Instead, they tab their browser over to facebook and resume their day, secure in the knowledge that bitcoin is not for them. If you insist on making bitcoin the domain of nerds, only nerds will use bitcoin.

ingler 12y ago
I'd never claim to be normal, but I'm neither a bitcoin millionaire nor a criminal. If Bitcoin is "too hard" to figure out for someone, they probably shouldn't use it.
- IgorPartola 12y ago
  And Bitcoin is too hard to figure out for 99.99999% of the population, which is why it'll never reach mainstream adoption?
  - ingler 12y ago
    Probably so. It still doesn't take away from Bitcoin's underlying usefulness.