IMO a likely and sensible option would be to have a BTC account held at your bank (so they would look after your BTC for you).
Such accounts could be insured (at least in terms of the "fiat" equivalent of BTC that the bank was holding assuming that a heist occurred).
Topic: The fiat system is better in some aspects - page 2. (Read 2079 times)
I think what we have noticed is that the people who purchased ASICS from scams using fiat were relatively safe since as soon as they were not delivered they could reverse the payment yet people who paid in Bitcoin were basically screwed, so I think that raises the question of whether the fiat system is superior in some regards, at least currently while the system is failing so many people.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
Only a retard will put 13M USD in BTC on blockchain.info
I hear what you're saying, but ultimately the fiat system is unsustainable. Ask the people of Cyprus how safe money in a bank really is.
I think what we have noticed is that the people who purchased ASICS from scams using fiat were relatively safe since as soon as they were not delivered they could reverse the payment yet people who paid in Bitcoin were basically screwed, so I think that raises the question of whether the fiat system is superior in some regards, at least currently while the system is failing so many people.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
Theoretically speaking, if you were paid 13mil USD in BTC would YOU feel safe storing them on blockchain.info and securing it with your email/yubikey KNOWING that any stolen coins are unrecoverable yet if you stored the very same 13 million on either Paypal (or better yet, a Singaporean bank which has stats that are about 20 times better) and your account got compromised nothing would be lost essentially.
How do you make sure that one of Edward Snowdens bosses doesn't decide to buy his wife a new car and rob you of all your BTC?
One thing that I have learned is that Bitcoin is certainly a promising technology reserved for the future but at the current stage of human development it only has use among the intellectuals capable of independent thought, which is tragically an ever decreasing minority.
Both the masses which are incapable of thinking "for themselves" and only posses the ability to adapt ideas and the masters of conveying ideas who cannot fully comprehend the very ideas that they convey will keep using the fiat system and punishing/robbing those who support the free market.
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