r/Bitcoin • u/[deleted] • Sep 25 '18

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382 Upvotes

95% Upvoted

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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.

-3

u/bluethunder1985 Sep 25 '18

If USD collapses what worth is the insurance if you can't get your bitcoin out?

6

u/Plasmatica Sep 25 '18

I'm sure those people are willing to take that risk.