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RE: If you have a Coinbase account: BEWARE because you could lose everything you own, just like I did (help me spread the word fellow steemians!)

in #bitcoin8 years ago

I sympathize with you. It is for this reason, that cryptos are mathematically secure, but horribly unfriendly to users, and essentially demand specialist level knowledge of computer security, that I am not invested in them.

I set up my first computer network in 1987 using CP/M and Osbourne personal computers, but moved to a rural village and took up carpentry while raising a family, and have the educational level of a total noob today, as technology passed me by.

I have just posted https://steemit.com/cryptocurrency/@valued-customer/mass-adoption-of-cryptocurrency-during-a-monetary-crisis and I address this issue tangentially.

Cryptos are awaiting a certain confluence of ease of use, and security of user hardware is possibly the prime factor, that will potentiate nearly universal adoption almost instantly by people who know the current monetary system is rigged against them, and are aware that the value they store in money is being constantly stolen from them via inflation.

Even dumb people understand this viscerally, and, in places where confidence in the local fiat currency has evaporated, like Venezuela and Zimbabwe recently, the lack of an 'out' such as crypto has caused immeasurable financial harm to people and their communities.

Thanks for openly posting about this hazard that is one of the most salient factors preventing the success of cryptocurrency.

upvoted and resteemed. Hope it helps!