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by gnaritas
4481 days ago
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Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware. Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin. Pretty much only the tech savvy will care to even understand what a key is or care to hold their own. Bitcoin isn't a political movement to the masses, it's just a useful new technology; they aren't using it to kill banks or government and they don't care about the politics of the early adopters. |
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> Most people aren't going to want to hold their own keys as most people can't stop their computers from being constantly infected by malware.
We have cheap, secure hardware crypto tokens that rely on two-factor auth. You don't need to keep millions of dollars on a Windows PC.
> Just as people don't want to keep large amounts of cash in their safe, they will want someone else to take the responsibility of securing their coin.
"Someone else" is called a bank. The bank is FDIC insured, and they and the federal government guarantee that your money will be there. They use a huge number of human, automated, and physical processes to keep money secure, and they don't just keep their entire holdings lying around in digital gold bars.
Unless Coinbase et al are going to become (heavily regulated) banks, then they're just another Paypal, and the crypto doesn't even matter.