Re:Ask HN: What real world problem does cryptocurrency solve?
by adwn on Monday February 14, 2022 @06:43AM
(#30330873)
> I've lost my phone and wallet, I can still get cash from a bitoin ATM using the crypto I'm storing in my brain.
When I enter my debit card and PIN into an ATM belonging to a legally regulated bank, I can be reasonably certain that it won't directly steal all my money. Using a BTC ATM, however, sounds like a convenient way to have all your funds stolen without having to wait for the next big crypto hack/fraud.
When I enter my debit card and PIN into an ATM belonging to a legally regulated bank, I can be reasonably certain that it won't directly steal all my money. Using a BTC ATM, however, sounds like a convenient way to have all your funds stolen without having to wait for the next big crypto hack/fraud.