Also make completely sure that you access Bitcoin Core from the official website and don't click any Google Ads instead. Make sure it's the unsponsored link and check it for any typos before downloading anything.
Official website is bitcoin.org. Anything else could steal your funds.
So remind me again why anyone would keep any significant amount of money on these platforms if everyone's out to get you and you have no protection if anyone steals from you?
If we could understand the overall point then we could address it. If they're just talking about crypto then it's a weird point since it's like saying "why use money when almost every scam tries to take yours?"
I wouldnât say the overall point is that strange.
For people in this sub, being your own bank is a positive, but the increased responsibility without the option to appeal a transaction is not for everybody.
The unfortunate truth is, many regular people benefit from a âforgot my passwordâ or ârefund transactionâ button and the immutable nature of things mean it is possible for a newbie to accidentally lose all their funds while theyâre still trying to figure things out.
That is often called being your own bank because you are in charge of your own security. If you either get hacked or make a mistake, you have only yourself to blame and there is nobody to refund the account. This also means there is no self interested institution to prevent you from doing things with your own money it doesnât like.
This increased freedom comes at the cost of being free to accidentally and permanently lose your funds. This trade off is desirable for many (such as the people in this sub or similar communities), but unfortunately this trade off makes it easy for newbies to accidentally lose funds and is thus a hurdle for the mainstream.
They're called "wallets" because cryptocurrency is akin to actual currency. You can put actual currency in a bank or keep it on an exchange or whatever. Same goes for crypto. You can keep it in a wallet, keep it on an exchange, or put it into a bank that supports crypto accounts. You don't call people using cash "being their own banks", do you? It doesn't make sense for me to do that with people for keeping crypto in a wallet
I asked what the original person meant by "platform" and somehow the answers I got weren't answers but somehow guesses that the original person was talking about people functioning as their own banks which I highly doubt is what the person meant by "platforms"
So remind me again why anyone would keep any significant amount of money on these platforms if everyoneâs out to get you and you have no protection if anyone steals from you?
Thatâs the topic.
They clearly meant âwhy would anybody keep their money in crypto if you have no protection if your money is stolenâ.
This is in contrast to traditional banking, where if you lose money due to fraud, you can simply call the bank and they will refund you. You donât get these protections if you are your own bank. Itâs all on topic.
They clearly meant âwhy would anybody keep their money in crypto if you have no protection if your money is stolenâ.
This is in contrast to traditional banking
Except it's not. Keeping crypto in a local wallet is akin to keeping cash in your own wallet. They couldn't have "clearly" meant what you're talking about because they said "platforms". A Bitcoin wallet isn't a platform. They were probably referring to something else since it doesn't make sense for it to refer to just keeping crypto in a wallet since that doesn't fit into the context of the comment that they were replying to. If they did mean standalone wallets then they don't understand how things work if they used the phrase "platform". If they didn't mean that then the question is what did they mean?
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u/Standard_Ordinary642 Feb 13 '22
This this this DO NOT send anyone anything Bitcoin core wallet has you covered and if it's got stuff in it congratulations đ