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Earlier quoted context omitted.
I just finished watching all The Wire seasons for the first time and freaked a little when I saw your comment. I often see something on Hacker News that I just recently had contact with and is not that popular.
the wire had something like 30M viewers at peak and was absurdly well received....
Earlier quoted context omitted.
I just finished watching all The Wire seasons for the first time and freaked a little when I saw your comment. I often see something on Hacker News that I just recently had contact with and is not that popular.
the wire had something like 30M viewers at peak and was absurdly well received....
Or did you have a different meaning for 30M than per episode? Usually that’s what people mean for tv so I am assuming that.
I've started trading in this space with a modest amount, but as I plan to increase some of my investments I am definitely considering purchasing a wallet.
I would sleep better if I knew my coins were not held within the exchange.
A lot of people take for granted of a bank guarantees from govt. In a bank you are protected if the bank burns down or gets robbed empty. Unlike the Wild West here
Conclusion: If you keep any cryptocurrency on an exchange or online service that can or is capable of controlling your private keys - MOVE all your cryptos to your own deterministic wallet YESTERDAY!
This kind of news is the reason why people should seriously consider buying a hardware crypto wallet if they plan to put significant sums at risk. I've started trading in this space with a modest amount, but as I plan to increase some of my investments I am definitely considering purchasing a wallet. I would sleep better if I knew my coins were not held within the exchange.
I don't understand why news like this doesn't have that huge of an impact of bitcoin's price.. Bitcoin seems to be hovering around 11k~ as I'm writing this. It's been at the same price it seems for the past couple of days...
Crypto wallets changing hands is a non-event for prices. This however might have potentially positive impact on prices of truly anonymous cryptos - typical direction of thiefs to "lose tails"
Surely the point was more: "Why doesn't the obvious risk events like this represent affect the price of the commodity?"
I mean, at this point I have to believe that the likelihood of a given dollar-equivalent of crypto currencies being stolen is much, much higher that it is for literal paper money. And paper is uniformly considered too risky to use as an asset.
It's insanity. This is the way bubbles look before they pop. I can't tell you when it'll happen, but it'll happen.
A lot of people take for granted of a bank guarantees from govt. In a bank you are protected if the bank burns down or gets robbed empty. Unlike the Wild West here
I remember naively believing that FDIC covered theft. There are little notes and placards posted all over banking websites and physical locations advertising that your funds are insured by FDIC. I'll bet most people who see those signs believe the same thing I believed: that "insured" in that context meant your funds were protected. Against theft; fire; fraud; etc. Right? But FDIC _doesn't_ cover theft. Or anything e…
This kind of news is the reason why people should seriously consider buying a hardware crypto wallet if they plan to put significant sums at risk. I've started trading in this space with a modest amount, but as I plan to increase some of my investments I am definitely considering purchasing a wallet. I would sleep better if I knew my coins were not held within the exchange.
Or someone just forces you to give up the info?
This kind of news is the reason why people should seriously consider buying a hardware crypto wallet if they plan to put significant sums at risk. I've started trading in this space with a modest amount, but as I plan to increase some of my investments I am definitely considering purchasing a wallet. I would sleep better if I knew my coins were not held within the exchange.
This gets repeated over and over, but people just don't listen until it is too late. Keeping money on an exchange is the antithesis of why crypto-currencies were invented in the first place.