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Comment by jbmorgado | Hacker News Reader

> The major crux of this article is the paragraph where it talks about how regulations essentially allow phone carriers to do whatever they want

So, in a word, phone carriers are actually unregulated when it comes to the relevant facts in here.

Isn't that a paradox then? Using bitcoin in order to deregulate the financial system and then ask more regulation for phone carriers in order to protect your unregulated bitcoin?

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Anti "regulation" people are usually pretty big on contracts being enforced. The phone company giving away a number in a world where numbers are used to verify identity is a big deal along those terms.

The contract of the phone company was being enforced, there was nothing in that contract regarding the matter at hand.

The OP was asking that the phone companies should have more regulations in place to go beyond the contract being offered.

"Real" bitcoining doesn't use services like coinbase; the coins are on your computer which you have to secure yourself. At least this is what you get told in cryptocurrency forums when one of the exchanges get hacked.

No it's true. Exchanges are prime targets, so it's risky. Wallets on desktops come in a variety of flavours, and can be secured. Getting root access to your device is trickey, let alone they would not know you have your bitcoin.

Beyond that, the pros and experts who have a lot do cold storage. Putting the keys offline.

You didn't read TFA. There were no online exchanges involved, the bitcoin wallet was in his computer.

Oh ok, then it's the other way 'round. "Security is not easy, if you can't handle it better leave your btc on the exchanges." Either way, it's all by design, if you lose your money it's your fault.

Only if you're in the ALL REGULATION BAD|GOOD camp. It's more nuanced than that for most of us.

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