Oddbean new post about login | logout Bitcoin is black market money at the end of the day, its entire point is to resist the state. Voskuil explains this well in cryptoeconomics. Failure to recognize this will be his downfall.
Then Bitcoin is dead, forever. You telling me I should trust some random anon on the internet more with his crappy code then institutions that banked countless generations of mine? Not gonna happen.
How are these institutions fairing exactly?
My bank does their thing very well. If you don't have a bank that does their job well itmis a you problem not them.
Sorry to break it to you but the entire banking system consists of fictional reserve institutions just waiting to implode at any moment. But i guess thats easy to overlook if you’re on their payroll.
That's the whole point, man. Don't trust anyone, have your own keys, and your property will be secured by mathematics.
More and more I think that is the smartest thing to tell anyone to enable 5$ wrench attacks far and wide
Is this your best argument agains self custody?? Nvm boy, keep your fiat in the bank. You deserve it.
I do self custody, have a multisig and verify my downloads. But tell me how many people are able to do that? I doubt it is the average person, probably not even 10% are capable to have a secure system and should have the option to have a trusted entity that helps. Banks could be that entity, the small regional ones. Not the international asset managers of course