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Vinca

(53,688 posts)

6. Thanks for replying. I have one more question. If tomorrow you wake up and all of your

Fri Feb 12, 2021, 12:54 PM

Feb 2021

Bitcoins have disappeared (cyber bank robbery) what is your protection? If I keep cash in a bank, for example, I get FDIC protection and can allot my loot into as many accounts as I want if I'm fortunate enough to exceed the coverage limit per account. Guess that's my fear. As it is I find myself checking my traditional bank accounts on a near daily basis to be sure the bank hasn't been hacked. Maybe this is just geezer paranoia. Oh well.

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Miami votes to study using Bitcoin for employee salaries and payments to City Hall [View all] soothsayer Feb 2021 OP

Now what could go wrong? Lochloosa Feb 2021 #1

And who on the council is heavily invested? soothsayer Feb 2021 #2

Dumb Idea ProfessorGAC Feb 2021 #3

I really don't get Bitcoin at all. If a person were paid in Bitcoin and wanted to buy a Vinca Feb 2021 #4

This message was self-deleted by its author Celerity Feb 2021 #5

Thanks for replying. I have one more question. If tomorrow you wake up and all of your Vinca Feb 2021 #6

I only use offline, hardware-based wallets. No exchange hack can comprise my bitcoin Celerity Feb 2021 #8

Thanks for answering my question. Vinca Feb 2021 #9

yw! cheers Celerity Feb 2021 #11

I trust the Federal Reserve ANY DAY over some anarcho-libertarians. Dawson Leery Feb 2021 #7

That assumes everyone is proficient with computers and the internet. lpbk2713 Feb 2021 #10