[Gys]

I think security in combination with money can only be about preventing a third party having access to your money.

The banks or any device you give your money to in the first place, you have to trust.

Otherwise keeping all money with yourself is the only alternative. A sock below the mattress or buried in the garden.

Don't forget to draw a coded (!) treasure map ;-)

[Nursie]

While I appreciate that this is true - this is exactly what a lot of bitcoin people want - total control over their money without having to place trust in intermediaries or authorities.

[Gys]

I do not know much about bitcoins, but it seems online third-party solutions like Coinbase, Case, Trezor, Ledger Wallet are needed for posession and trading ?

So I may conclude bitcoin is not the ultimate answer to distrust and/or in-dependency ?

[Nursie]

For trading them into 'real' currency you would usually use an exchange, yes. Coinbase (IIRC) simplifies things for merchants by accepting bitcoin and giving them the currency they want.

But for pure bitcoin transactions, no, you can run all the stuff yourself, maintain your own wallet and transact with anyone you like, all without needing anything other than functional bitcoin client software. You need to trust the bitcoin network as a whole, but not any individual authorities.

I'm really not a fan of BTC, personally, but I have looked into it quite a lot...