There are going to be a lot of forks in the future.
There are going to be a lot of forks in the future.
I tend to agree. The problem, then, is what happens after 3 forks? 4? 10? We're going to keep increasing the number of crypto currencies we own and then we figure to figure out who supports what version of the currency we have to figure out how to cash out...
The entire idea of a fork sounds like an absolute nightmare. This is why I'm not putting any serious amount of money in crypto currencies.
This is an even bigger threat when you consider that they could be incentivized to follow a less valuable fork: exchange your new bitcoin for the old, convert all your users to the new bitcoin - you can now pocket the difference.
On the other hand you can also attempt to keep the airdropped funds from forks. Coinbase at first didn't recognize the Bitcoin Cash fork - it was only with pressure that they relented. But there have been other trusted holders who just "ignored" forks
I still haven't convinced my own brother that he needs to move his coins off-market - he said he'll "get around to it at some point"
Also have tech friends who keep coins in Coinbase/Coinbase Vault
So I understand why people do it. Ease of use typically outshines most security issues. Someone needs to figure out how to strike a better balance.
Also your should protect mobile/app wallet with a passphrase so it is safe if you lose it.