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minsc__and__boo | 4 years ago

>then you set things up incorrectly IMO

That's precisely the problem with crypto though - most problems get blamed on the user, and not highlighted as the deficit it is for the crypto.

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thebean11|4 years ago

It's not a deficit because everyday users can use a service that handles private keys for them. Managing private keys and signing transactions is not the level of the tech stack that nontechnical folks were ever meant to be on.

It's like complaining that REST APIs aren't user friendly.

My point is for someone who understand how keys work a bit better (like a lot of people here) there are better ways to set things up.

athrun|4 years ago

If you use a service that handles your private keys and the service gets compromised, then your funds are gone, permanently.

This is a very different risk proposition compared to trusting a bank. If the bank gets compromised, it's the bank's problem, not mine.