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Viker | 4 years ago

Here is the irony of crypto vs gold...

You can secure ur gold physically very well, fires and natural disasters short of volcano, yet it is easy to steal it at gunpoint.

Crypto is hard and cumbersome to secure ( paper keys, hw Wallets), yet very hard to steal at gunpoint.

discuss

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gruez|4 years ago

>Crypto is hard and cumbersome to secure ( paper keys, hw Wallets)

are hardware/paper wallets hard/cumbersome to use? I suppose they're less intuitive locking up a metal bar, but they're not exactly hard to use. If anything they're easier to secure because you can store multiple redundant copies, whereas you can't with gold.

leereeves|4 years ago

Hard to steal at gunpoint? Who is going to refuse to hand over their keys when the choice is "Your Bitcoin keys or your life"?

zdkl|4 years ago

"Here is my 'checking' wallet. The key to my paper 'savings' wallet are in bank XYZ's vault, care to come get them with me?"

Viker|4 years ago

Sure. I can hand you a handful of USB sticks about 20 paper wallets maybe a hard disk or two...and tell you, here are my keys. Now what you do? Do you put down your gun and start verifying which one is with actual funds or, do you know what is a usb drive and what is a hw wallet? Are you gonna ask me for my password too. How do you know you actually stole something worthwhile? How do you know I am not going to be faster transferring the coins to different wallets?

All that is vs. "show me gold, shiny ohh heavy".

You see the levels of complications....