[serf]

having all of your currency on an exchange, regardless of the currency, has never been a good idea.

(signed a MtGox victim.)

[hnthrow1010]

The problem with that is, these networks are rather convoluted and are basically unusable for most people without relying on exchanges or other similar services.

[dwild]

It's no different than doing it over an exchange... The same fields are available on an application wallets and on an exchange. There's nothing convoluted there.