Re:Man sues AT&T over 'SIM Swap' hack allegedly involving em...
by jokoon on Thursday October 24, 2019 @03:55AM
(#21342553)
> Also, don't have your life savings in crypto
Exactly. Cryptocurrency, in my view, are meant to be intermediary currency. Keeping a lot of it is just too risky.
Tech nerds seem to like cryptocurrencies because it's a cool and fancy gadget, but the reality is that normal banks are more secure. If your money gets stolen, banks can trace it, cancel transactions, and there are insurances in place to recover your money. Governments are involved in bank security.
Currencies are not trivial things. Only libertarians and anti-government, anti-federal-reserve people will actually prefer cryptocurrencies to their own risk.
I get that the AT&T employee is guilty, but the victim was asking for it.
Exactly. Cryptocurrency, in my view, are meant to be intermediary currency. Keeping a lot of it is just too risky.
Tech nerds seem to like cryptocurrencies because it's a cool and fancy gadget, but the reality is that normal banks are more secure. If your money gets stolen, banks can trace it, cancel transactions, and there are insurances in place to recover your money. Governments are involved in bank security.
Currencies are not trivial things. Only libertarians and anti-government, anti-federal-reserve people will actually prefer cryptocurrencies to their own risk.
I get that the AT&T employee is guilty, but the victim was asking for it.