Quote:
Originally Posted by ruff
Moral of this story? Use a hardware wallet.
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That, in a nutshell is the problem with the adoption of digital currencies.
You have to K.I.S.S (keep it simple stupid!) Think if credit cards had this complexity -- credit cards succeed because of their perceived recourse.
There are definite advantages in blockchained currency. Finality of transaction, and when peer2peer: -0- cost (so long as all things go well).
Bitcoin needs to do a 1000:1 split. As far as 'mining' goes the same goal could just yield 1000 Bitcoin, Or, you could lower the goal to 'mine' 1 Bitcoin. < none of this makes any sense because Bitcoin is an illusion of wealth.
I only think of Bitcoin as a transactional currency and not a tangible or traded instrument with long-term liquidity. No currency should be so speculative -- that defeats the purpose of currency as a storage of value. Even Fiat Currencies are based on the issuers ability to honor them
