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by simias
4476 days ago
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I never said my view was the correct one, I just said I had a different opinion on the matter. The parent is the one who said that it made it "all worthwhile". That sounded like a general truth to me, I felt the need to point out that it was still up for debate. And my 2nd point was about the feasibility, I still have to hear from the bitcoin crowd what's the solution for day-to-day use of the currency that does not involve a bank-but-we-don't-call-it-a-bank-seriously-it's-not-a-bank. |
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Bitcoin was designed to be a peer-to-peer payment system where the owner of the private key is the owner of the funds. Unfortunately, building secure hardware and software is very difficult, that's why many people choose to not keep their private key on their device but let a service deal with the security, which is often a bad idea. One secure hardware is cheaply available on the market[1] and two-factor-authentication becomes more widespread, this becomes less of an issue.
http://www.bitcointrezor.com/