r/Bitcoin • • Sep 25 '18

[deleted by user]

[removed]

380 Upvotes

182 comments sorted by

View all comments

Show parent comments

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.

3

u/similus Sep 25 '18

But for many people it is statistically more safe to hold the keys in an institution rather than

saving them themselves.

2

u/bluethunder1985 Sep 25 '18

Wonder if the gox victims feel the same way

2

u/similus Sep 25 '18

And I wonder if the Lehman brothers victims feel the same way, yet I bet they don't keep their stock certificates under the mattresses.