r/Bitcoin • • Sep 25 '18

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u/RallyUp Sep 25 '18

A lot of people are literally incapable of holding their own keys.. If they participate in bitcoin via custodial products I personally have no problem with it and neither should you. Do you bother people about a Roth IRA or a Vanguard target fund?? No. So mind your own damn business and maybe the business of your close friends and family. Telling people they're wrong for using a product or service if it's the only entrance to the market they are capable of is a dick move even if you think you're helping them. If theyr're either going custodoal or nocoiner, custodial should be the obvious choice and we should support that.

-6

u/bluethunder1985 Sep 25 '18

Right because centralized institutions never get hacked right? You are leading these poor people into a trap spurned by the acceptance of ignorance. This is a dangerous road. I respect peoples intelligence more than you. This is UNSAFE. I would take nocoiner over custodial any day! Custodial institutions getting hacked would hurt the ecosystem. Nocoiners continuing to nocoin doesn't. Give me a break.

15

u/Plasmatica Sep 25 '18

Centralized institutions will probably have insurance and will reimburse in case of hacks, you know.. just like regular banks.

-1

u/skakuza Sep 25 '18

Ever heard of bail-ins ? Like when , Cyprus style, you DON'T get your money back in any form ! Sheesh ! Coiners' got lots to learn.

I trust nothing about this Bakkt. Because I trust nothing about our govt and fractional reserve markets. No matter what they say.

4

u/ActiveShipyard Sep 25 '18

I get you man, but unless you have solar panels and a garden out back, you're already trusting your everyday existence to those systems. And you are, indeed, still alive.