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Have you ever had your bitcoins stolen? I'd rather have my credit card stolen, which I'm not liable for if I report it promptly, instead of just being out of t
by ObviousScience 12y ago
Have you ever had your bitcoins stolen?
I'd rather have my credit card stolen, which I'm not liable for if I report it promptly, instead of just being out of the funds permanently.
- aianus 12y agoThe difference is that I don't go around sharing my bitcoin private keys with Target like I'm forced to do with my credit card details. FWIW I've never had any BTC stolen but I've had multiple credit cards canceled by my bank 'for my protection'.
- Nursie 12y agoActually, as the USA will finally move to EMV over the next year or so, no, you don't share your private key with target.
- wuliwong 12y agoObviously if I'm keeping my bitcoins in a private wallet on my computer and the computer is stolen, then I they are probably gone, like cash. But, I would assume that it is possible to have some insurance? If I had my house insured and cash was stolen, I could be reimbursed by the insurance, correct? I would assume the same thing could be done with bitcoin? And what about a situation like with Coinbase, if they are "hacked" or whatever, isn't it at least theoretically possible that the bitcoins could be insured? I think just as bitcoin fanatics are overzealous about the enhanced security of bitcoin, the other side can get a little short-sighted by not imagining any scenario where your bitcoin deposits are insured in some way.