I get all that, but it is a bit like having a perfectly good safe at home and still carrying your gold to the bank because opening it is a bit cumbersome and fidgety.
Kinda defeats the purpose of having a decentralized cryptocurrency.
Kinda defeats the purpose of having a decentralized cryptocurrency.
You can secure ur gold physically very well, fires and natural disasters short of volcano, yet it is easy to steal it at gunpoint.
Crypto is hard and cumbersome to secure ( paper keys, hw Wallets), yet very hard to steal at gunpoint.
All that is vs. "show me gold, shiny ohh heavy".
You see the levels of complications....
It only sounds hard if you assume I'd take an unreasoanbly incompetent approach. It's like "rape is impossible because a women with her skirt up runs faster than a man with his pants down".
This also happens with traditional banks where I live. People are kidnapped and taken to ATMs where their accounts are drained.
are hardware/paper wallets hard/cumbersome to use? I suppose they're less intuitive locking up a metal bar, but they're not exactly hard to use. If anything they're easier to secure because you can store multiple redundant copies, whereas you can't with gold.
I can imagine one bitcoin billionaire killing others to do just that in order to reduce the supplies.