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by notreallyserio
1633 days ago
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Core features of crypto are a severe detriment to crypto holders: if you lose your passphrase/private key that money is gone forever* and if you get scammed you have little recourse outside the legal system. If you can solve those two things I'm more likely to get on board. As far as I know, they can't be solved, so to me it's a non-starter. * unless you put it in a third party service, that likely isn't insured for the full value of all deposits |
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And how could it even be insured for the "full value"? The "full value" when it was deposited at $9 a coin? Or the "full value" 3 years later when it's $900 a coin? Or the full value another 3 months after that when it crashes to $0.009 per coin?