Re:Binance exchange hackers steal bitcoins worth $41m
by hombre_fatal on Wednesday May 08, 2019 @10:02AM
(#19858870)
It's trade offs.
I think tolerance is a weird way to discuss this issue. I don't think it's the right word nor concept. But to continue the theme, there are things I don't tolerate about, say, the banking and credit card system either.
Like how, by default, if I type my credit/debit card number into a <form>, anyone can use that data any time in the future to spend my money, and I have to remain eternally vigilant each time my transaction statement comes. Or how annoying or impossible it is to send/receive money between random people just using our bank accounts, usually having to rope in yet another party/service. Or how hard it is to juggle bank accounts in multiple countries as a traveler.
I suppose you're asking why someone would use bitcoin despite news like this? Sure, I like using bitcoin for online payments and money transfers.
If you're asking why anyone should tolerate the risk of keeping your bitcoin in somebody else's pocket, like Binance's pocket, then I agree. They shouldn't, but they don't necessarily understand that.
I think tolerance is a weird way to discuss this issue. I don't think it's the right word nor concept. But to continue the theme, there are things I don't tolerate about, say, the banking and credit card system either.
Like how, by default, if I type my credit/debit card number into a <form>, anyone can use that data any time in the future to spend my money, and I have to remain eternally vigilant each time my transaction statement comes. Or how annoying or impossible it is to send/receive money between random people just using our bank accounts, usually having to rope in yet another party/service. Or how hard it is to juggle bank accounts in multiple countries as a traveler.
I suppose you're asking why someone would use bitcoin despite news like this? Sure, I like using bitcoin for online payments and money transfers.
If you're asking why anyone should tolerate the risk of keeping your bitcoin in somebody else's pocket, like Binance's pocket, then I agree. They shouldn't, but they don't necessarily understand that.