re: At $9600 per, Bitcoin is expected to hit the $10,000 mark today.

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I’m not claiming Yelp is perfect but it is a better regulator of restaurants than the Health Dept.

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I have no idea about bitcoin but this anology fails tremendously.

The Health Department is there to prevent gross negligence. It is one of the proactive governmental bodies.


Yelp is Facebook. Facebook does nothing to actually fix anything. You may even say that Facebook spreads rumors and untruths.

Now, continue with the crypto currency debate. I’m finding all of this interesting.


My big question is how do you keep your bitcoins safe? Isn’t this all just stored on a hard drive somewhere? If someone steals your computer then you’re just shite out of luck aren’t you?

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My big question is how do you keep your bitcoins safe? Isn’t this all just stored on a hard drive somewhere? If someone steals your computer then you’re just shite out of luck aren’t you?

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Look back a couple pages where my question about Tether getting 31 million stolen by a hacker was glossed over by the fanbase

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yup. last year someone stole my laptop and then next day my bank account was drained

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I’m guessing you’re being sarcastic, but you can file a fraud claim with your bank and possibly get all of your normal cash back. But there is no recourse with bitcoin.

Am I correct or wrong?

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yup. last year someone stole my laptop and then next day my bank account was drained

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Terrible comparison. You have recourse on bank accounts, credit cards, etc. you have no recourse if you get cleaned out of btc

On your cash probably, not your btc. The federal government is not going to insure a monetary instrument that it doesn’t control

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coinbase is FDIC insured to $250k

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Crap. I’m gonna have to find 7 other FDIC sites to store my btc. This is really starting to become a pain in the arse.

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Crap. I’m gonna have to find 7 other FDIC sites to store my btc. This is really starting to become a pain in the arse.

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TBH if I had over ~10 mil in BTC, I would liquidate at least half of it right now and not work anymore

Oh really? Like how you were just wrong about your btc being FDIC insured? Guess you’ll not respond to that as well

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All digital currency that Coinbase holds online is fully insured. This means that if Coinbase were to suffer a breach of its online storage, the insurance policy would pay out to cover any customer funds lost as a result.

The insurance policy covers any losses resulting from a breach of Coinbase’s physical security, cyber security, or by employee theft.

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LINK

That’s not FDIC insurance, that’s liability insurance


Why don’t you read the part where it says you USD wallet is covered by FDIC insurance



It also says most of the BTC is stored offsite/offline and says nothing about insuring that