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Wasn't Bitcoin always meant to be cash for computers? Bulk of cash belongs in the banks. Mere possibility of running a node on your own and sending money direc
by blfr 12y ago
Wasn't Bitcoin always meant to be cash for computers? Bulk of cash belongs in the banks.
Mere possibility of running a node on your own and sending money directly alters the dynamic. You can use a third party service if you like. You have to use a third party to transfer dollars over the Internet.
- nmeofthestate 12y ago"Wasn't Bitcoin always meant to be cash for computers? Bulk of cash belongs in the banks." I'd say most money lives in banks. Most cash is out in the world. A downside of having someone else hold onto your BTC on a website is that you can't spend it in the ways that are supposed to make BTC powerful. On the other hand, you do still reap the benefits of the rock-solid wealth-storage device that is BTC. And where could be a safer place for your BTC than a website on the Internet? Those things never get hacked.
- oafitupa 12y agoSo you never heard of multi-signature? You can have that even on Coinbase.