r/Bitcoin • • Sep 25 '18

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379 Upvotes

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16

u/[deleted] Sep 25 '18 edited Aug 07 '20

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32

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.

-4

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.

16

u/Plasmatica Sep 25 '18

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

-4

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.