Re:Exodus Bitcoin Wallet: $490k swindle
by troupo on Wednesday February 21, 2024 @04:32AM
(#39451801)
> “Enforcing laws” with regard to what? Censoring transactions? Freezing accounts?
Fraud. Transaction rollbacks. Consumer protection laws.
Re:Exodus Bitcoin Wallet: $490k swindle
by TimeBearingDown on Thursday February 22, 2024 @09:32PM
(#39476253)
Those should be applied at a higher layer than the base one, and the vast majority of people should be using custodial services if they have access.
A much smaller fraction should be using open source and audited hardware wallets as well as offline paper wallets.
People will have the option to shoot their foot off with real, direct control, yes. That option or ‘genie’ doesn’t go back in the bottle, not permanently.
Re:Exodus Bitcoin Wallet: $490k swindle
by lottin on Wednesday February 21, 2024 @10:35AM
(#39455065)
If you want lawlessness go ahead, but don't come crying when someone steals your riches or punches you in the face.
Re:Exodus Bitcoin Wallet: $490k swindle
by TimeBearingDown on Thursday February 22, 2024 @09:24PM
(#39476186)
Yes. The option now exists to have private digital means of exchange, free from direct government devaluation. There are absolutely drawbacks; it is not for everyone.
If people want a system where this as well as excessive inflation are close to impossible, they now have an option, with the clear caveat of that ownership.
It’s not like there aren’t other options to choose - custodial services and multi-signature wallets. Banks are custodial services too, and that’s fine.