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by down 3107 days ago
you funny.. hacks happen less then let's say you're mugged on the street or your bank account is emptied by carders/hackers.

The rest is just not true, the fees are high now because companies are slow to adopt seqwit and lighting network is in the works.

But hey the FED printed another few billions of dollars, fancy calling it quantitative easing, that devalues your money and makes assets expensive.

2 comments

> hacks happen less then let's say you're mugged on the street or your bank account is emptied by carders/hackers.

Pretty disingenuous argument.

In absolute numbers, sure. But that is only because everybody walks down the street. Relatively few people use bitcoin so yes, in absolute numbers, perhaps it is true that more people get mugged on the street / bank accounts hacked. If Bitcoin somehow magically became the world's currency du joir, I promise you the number of stolen bitcoin wallets would far exceed the number of emptied bank accounts & muggers.

Oh, and if my bank account is emptied, I call my bank and say "hey bank, some fuckwit hacked my account" and if they are any good, I'll be back in business. No such luck with bitcoin. If my wallet gets emptied, I'm toast.

If I'm mugged, I'm not typically carrying my entire life savings.

If my credit card number is compromised, I report that to the bank and the money shows back up in my account in short order.

My money doesn't seem to have been significantly devalued by quantitative easing - inflation stayed at very low levels throughout the process.