4 ms·

Hi all, please for anybody's sake, can you explain me why the world is accepting something that we know is unsecured properly? Sometimes money just disappear et

Hi all, please for anybody's sake, can you explain me why the world is accepting something that we know is unsecured properly? Sometimes money just disappear etc..

josu 12y ago
Is there any properly secured money? Each type of money has its flaws and its advantages. For one, bitcoin is traceable to a certain degree, whreas a paper bill is not. >Sometimes money just disappear Are you talking about fiat money or bitcoin?
- martinSlovakia 12y ago
  bitcoin
  - josu 12y ago
    Sorry, it was rethorical. I wanted to point out that fiat money disappears all the time. I lose money all the time; it falls out of my pocket, I forget where I put it... However I have never lost any amount of bitcoin.
embolalia 12y ago
What do you mean by "just disappear"? People lose it, but because they lose the keys or passwords. It's not like the protocol causes it to poof away out of nowhere. It's entirely user error, and not terribly hard errors to avoid at that.
- martinSlovakia 12y ago
  I meant bitcoins stolen by hackers - in digital world where is practically no anonymity.. ..and what about that idea, where you buy HW with graphics card and you can earn bitcoins? It sounds so simple and unbelievable imho. That's why I am curious.
Crito 12y ago
Bitcoins won't disappear unless you lose control of the private key, or if you do something foolish like use a 'brain wallet' with poor entropy or pretend that an unregulated exchange is a bank and give them all of your money.
- martinSlovakia 12y ago
  Just look for it on Google - http://goo.gl/zKuX4S http://goo.gl/zKuX4S I am too skeptic about this whole new IT/Finance bubble. If I am wrong please correct me.
  - Crito 12y ago
    Nothing in that Google results page contradicts what I have said. In cases where bitcoins have been stolen it is because the person failed to secure their wallet, used an insecure wallet (such as brain coins), or foolishly entrusted their wallet to an untrustworthy third party (such as MtGox).
    - martinSlovakia 12y ago
      Can you provide me with any proof? I am still not convinced why should I trust bitcoin.. but my karma is going down here.. pretty strange huh :-)

Hi all, please for anybody's sake, can you explain me why the world is accepting something that we know is unsecured properly? Sometimes money just disappear etc..

josu 12y ago

Is there any properly secured money? Each type of money has its flaws and its advantages. For one, bitcoin is traceable to a certain degree, whreas a paper bill is not. >Sometimes money just disappear Are you talking about fiat money or bitcoin?

martinSlovakia 12y ago
bitcoin
- josu 12y ago
  Sorry, it was rethorical. I wanted to point out that fiat money disappears all the time. I lose money all the time; it falls out of my pocket, I forget where I put it... However I have never lost any amount of bitcoin.

embolalia 12y ago

What do you mean by "just disappear"? People lose it, but because they lose the keys or passwords. It's not like the protocol causes it to poof away out of nowhere. It's entirely user error, and not terribly hard errors to avoid at that.

martinSlovakia 12y ago
I meant bitcoins stolen by hackers - in digital world where is practically no anonymity.. ..and what about that idea, where you buy HW with graphics card and you can earn bitcoins? It sounds so simple and unbelievable imho. That's why I am curious.

Crito 12y ago

Bitcoins won't disappear unless you lose control of the private key, or if you do something foolish like use a 'brain wallet' with poor entropy or pretend that an unregulated exchange is a bank and give them all of your money.

martinSlovakia 12y ago
Just look for it on Google - http://goo.gl/zKuX4S http://goo.gl/zKuX4S I am too skeptic about this whole new IT/Finance bubble. If I am wrong please correct me.
- Crito 12y ago
  Nothing in that Google results page contradicts what I have said. In cases where bitcoins have been stolen it is because the person failed to secure their wallet, used an insecure wallet (such as brain coins), or foolishly entrusted their wallet to an untrustworthy third party (such as MtGox).
  - martinSlovakia 12y ago
    Can you provide me with any proof? I am still not convinced why should I trust bitcoin.. but my karma is going down here.. pretty strange huh :-)