[fron]

How many times does this have to happen before people learn that cryptocurrency is not a good place to park money?

[scotty79]

It's a great place but when you need to cash out you need fresh linux system with fresh wallet software connected to the internet only when you make the transaction. Not an app for your phone. Everybody will have malicious keylogger on their phone eventually if they install apps and sometimes even if they don't.

[somsak2]

> a fresh linux system with fresh wallet software connected to the internet only when you make the transaction

wow, what a practical way to be able to store and use money!

[lxgr]

> Everybody will have malicious keylogger on their phone eventually

Are there actually any keyloggers for iOS and Android? Unlike on desktop OSes, there isn’t even an API for that, so you’d need an actual OS exploit.

> fresh linux system with fresh wallet software

And how do you make sure that that doesn’t come with a keylogger (in a world where a significant number of people were to actually do that)?

[contravariant]

Of course you also need a clean version of linux and all software compiled with a clean compiler.

Thankfully we can be reasonably sure that some compilers at least predate cryptocurrency.

[paulpauper]

the level of technical savvy to store crypto safely makes it impractical for the general population

[spaceman_2020]

And god forbid if you accidentally transfer your crypto from one incomprehensible address to another.

[OscarTheGrinch]

AKA:too many crocodiles at the watering hole.

[latchkey]

Neither is Paypal or Venmo.

https://www.cnn.com/2023/06/02/investing/payment-apps-safety...

[anonzzzies]

Who would park it there though? You receive money there and send it to your bank, or you send a little money to pay something. Who stores money there?

[joemazerino]

There are ways to park it safely and ways not to park it safely.

[lxgr]

How are laypeople supposed to know which is which?

[lfkdev]

? It is literally uncountable how many times the big banks stole money from regular people. Crypto indeed is a good place to store money.

[j16sdiz]

When this happens with big bank, you could try going to the court.

When this happens to crypto, you got nobody to blame but yourself.

[yashg]

Ah yes, big bank, bad. Government, very bad. Crypto good. Sure.

[Zemtomo]

Huh? You literally mean a bank took your money from your account?

Which ones?