If you are too afraid to hold your keys, you are NOT ready for Bitcoin
0 sats \ 6 comments \ @allark 1 Aug 2022 bitcoin
Bitcoin on exchanges and "Custodians" is basically an IOU note saying
"We pinky swear.... you will get your bitcoin when you ask for it......until we steal it and declare bankruptcy lol noob"
So, Not Your Keys, Not Your Coin.
I am READY for Bitcoin!100.0%
I am Weaksauce. I deserve Fiat0.0%
3 votes \ poll ended
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7 sats \ 3 replies \ @IgnaciobTato 1 Aug 2022
You think that 7b people will hold their keys properly? There must be new solutions to this. There must be also more solutions to multiple owners of a same account, security, heritage, etc. We are too early yet.
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0 sats \ 2 replies \ @allark OP 1 Aug 2022
Only those who are responsible enough.
And your statement really throws the light on the fallacy that "We are all equal".
If we can't trust most people to be responsible equally. :)
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1 sat \ 1 reply \ @IgnaciobTato 1 Aug 2022
Unfortunately you are not considering extra factors: accidents, malapraxis between partners, illness, old age, divorce, and all the legal aspects and cases for which there is a huge code... I follow your point and I would like to see the indepence of the poeple from the banks, but maybe there can be other legal or trust companies that can protect some people for this collateral damages.
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0 sats \ 0 replies \ @allark OP 1 Aug 2022
Fair.
But trust companies are just an indication of a society's decay in trusting strangers over family. Most o these things can be resolved if there is trust in family.
It seems if we fix societal ills and the importance of familial bonds and social bonds then these middlemen of custody are not needed.
understand your point in the current climate. :)
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11 sats \ 1 reply \ @DarthCoin 1 Aug 2022
Most of those NPCs are going to die anyways soon (from blood clot shots they accept to take). So why do you care? More sats for you, no?
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0 sats \ 0 replies \ @allark OP 1 Aug 2022
Holy Based level batman! xD
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