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kosherhurricane | 2 years ago

My #1 argument against the feasibility of cryptocurrency: Can my parents not their get money stolen?

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PretzelPirate|2 years ago

Can crypto currency be used easily? Yes, through centralized entities like where your parents currently store their money.

Some people may forgoe ease and aim for self-custody because they value decentralization over convenience. Others will choose a middle ground where they and a centralized entity both hold part of the key, ensuring that the 3rd party can't move their funds without permission.

RalfWausE|2 years ago

This is an argument against any form of direct payment... i mean, you can get your cash stolen very easily...

Philadelphia|2 years ago

Yes. And so cryptocurrency is a reversion to a model of payment that’s been rejected by most people for its poor security.