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A comment on Facebook Libra Is Architecturally Unsound. Parent comment

Re:Facebook Libra Is Architecturally Unsound by Retric on Wednesday November 06, 2019 @08:00AM (#21462043)
It’s the “independent ability” that’s new. Without that you just need to keep your key safe. With it your key could be safe and you still end up with a problem.

> objectively better than cash

Many people don’t use cash just credit cards. They might keep 50$ or less in their wallets, but that’s about it.

Further, Billions of people can hack my PC, only those I come into contact with can take my cash.

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Re:Facebook Libra Is Architecturally Unsound by Acrobatic_Road on Friday November 08, 2019 @03:54PM (#21486627)
You still need the private key to make a transfer. This is for cases when you key is stolen.

>Many people don’t use cash just credit cards. They might keep 50$ or less in their wallets, but that’s about it.

Because they value convenience over privacy and freedom.

>Further, Billions of people can hack my PC, only those I come into contact with can take my cash.

Even if someone managed to gain access to your wallet they would still have to decrypt your private key. So, it isn't an issue if you use a strong password.

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