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by 300bps
1308 days ago
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Satoshi wouldn't be encouraging people to put their coins on a trusted third party like that. I find this sentiment of "not your coins, not your crypto" unsettling. The average person doesn't even back up the pictures on their computer or phone and they are one storage device failure away from losing all of their wedding pictures, baby pictures, etc. The big push now is for people to use hardware wallets. I guarantee that 50% of people over the span of a decade will lose access to 100% of their funds. 2023 will be about everyone learning how much of a joke cryptocurrency is. |
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Or, if you think like foreignpolicy.com thinks:
> The crypto bag-holders all actually lost their money long before, when they bought the bitcoins. In the time since, they’d been telling themselves and everyone else that their magic beans were worth money and never mind the lack of buyers. But this was not the case. The beans were always worthless, and the only way to make money from them was to sell them off before other people caught on.