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A comment on Coinbase releases iPhone app. Parent comment

Re:Coinbase releases iPhone app by mrb on Sunday January 27, 2013 @02:16AM (#5123526)
What are you talking about? Coinbase proudly explained their internal safety precautions, explaining that most of their coins are stored in a cold wallet, not hot wallet.
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Re:Coinbase releases iPhone app by redegg on Sunday January 27, 2013 @02:39AM (#5123565)
I should have stated I don't trust my coins in the hands of others.

Bitcoin, unlike other currencies are irreversible. You have one, and only one chance to keep them safe.

I rather be content with the loss of Bitcoins in my possession, _knowing it was my fault_, than losing them to a thief holding Coinbase's staff at gunpoint for the offline wallet's private keys.

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