bitcoin protocol cant be hacked. but FIAT can

[jonald_fyookball]

There are a million stories on this forum, reddit, and elsewhere on why its a terrible idea for most people to "be their own bank".

what do you think is the solution?

I don't have one, was just pointing that out. Most Bitcoiners trumpet that as an advantage, but for most people it may not be.

you're right... i think multisig + hardware is the only way... because most people are morons, not crypto-nerds.

same goes for the fiat side. there are alot of morons that leave their cash and debit cards in full view inside their car. easy to steal
alot of people get pick pocketed every day
card cloning.
diverted mail
work from home scams asking for upfront payments (multilevel (pyramid) schemes)

Yeah but fiat can be stored in a bank by a moron.
We need bitcoin banks for the masses.

[franky1]

There are a million stories on this forum, reddit, and elsewhere on why its a terrible idea for most people to "be their own bank".

what do you think is the solution?

I don't have one, was just pointing that out. Most Bitcoiners trumpet that as an advantage, but for most people it may not be.

you're right... i think multisig + hardware is the only way... because most people are morons, not crypto-nerds.

same goes for the fiat side. there are alot of morons that leave their cash and debit cards in full view inside their car. easy to steal
alot of people get pick pocketed every day
card cloning.
diverted mail
work from home scams asking for upfront payments (multilevel (pyramid) schemes)

Yeah but fiat can be stored in a bank by a moron.
We need bitcoin banks for the masses.

kind of agree...

i prefer people to have hardware wallet for life savings in bitcoin (self secured) after all, bitcoin is all about gtting away from th old ways of banking.
a 'bitcoin bank' for daily spend amounts (easier to manage without losing)

but this whol conversation has meandered off course..

bitcoin THE PROTOCOL!!!!!!!!!!!!!! cannot be hacked. fiat bank accounts can.

again im not talking about what users do, hold.. im talking about the system

and the link in my OP proves that banks are not secure, hence not trusting life savings in a bitcoin 'bank'

[jonald_fyookball]

Yeah but it's obviously relevant!

Think about it:  if bitcoin is supposed to be about getting away from old
Ways of thinking and into self responsibility, then the question changes
From "can the central system be hacked" to "can I the individual get hacked".

[franky1]

Yeah but it's obviously relevant!

Think about it:  if bitcoin is supposed to be about getting away from old
Ways of thinking and into self responsibility, then the question changes
From "can the central system be hacked" to "can I the individual get hacked".

thats "USER ERROR" problems.

so again bitcoin cannot be hacked. FIAT CAN be hacked

and... people can be security morons whether bitcoin of fiat holders.(totally separate from the topic)

[jonald_fyookball]

Yeah but it's obviously relevant!

Think about it:  if bitcoin is supposed to be about getting away from old
Ways of thinking and into self responsibility, then the question changes
From "can the central system be hacked" to "can I the individual get hacked".

thats "USER ERROR" problems.

so again bitcoin cannot be hacked. FIAT CAN be hacked

and... people can be security morons whether bitcoin of fiat holders.(totally separate from the topic)

obviously security (of their coins) is what everyone
is concerned about at the end of the day.

Yes, its nice to know the protocol is safe.
With that, I agree.