[cadetzero]

> How is the non-tech user ever going to be able to use this with anywhere near level of trust/safety they do with current traditional currencies.

Near everyone I know, regardless of age, does their banking online. I don't see how this is any different than a username/password being stored on some banking server, and getting stolen.

Best case? You boot to a clean ISO, make a wallet, generate an address, write down the public/private key, transfer all your btc to it, and call it a day. There is no digital trace, and you have a paper wallet.

[polemic]

This is wrong in so many ways.

If your bank is hacked you as the user are not liable for the loss. Online transactions are traceable and reversible. Banks are heavily regulated and the legal regime is well defined. Etc etc etc.

Having your online banking hacked is a bit like being mugged on the way out of the bank. Having an online wallet service hacked is like someone driving in a truck, emptying the vault and leaving without a trace.

[ccrabb]

And then the mugger shows up the next day and gives you your money back.

[TylerE]

It's different because FDIC.