> Okay, let’s see: how does that benefit me in real, tangible terms?
It allows you to store and transfer value in situations where you either cannot obtain, or do not trust your available banking relationships. You also have much, much lower fees for international remittance.
> What risks does it have - for example, do users take on responsibility for fraud risk?
It has two primary risks:
- Transaction finality. This is a positive and a negative, of course.
- Risk that you improperly handle your private key and have your funds stolen.
It allows you to store and transfer value in situations where you either cannot obtain, or do not trust your available banking relationships. You also have much, much lower fees for international remittance.
> What risks does it have - for example, do users take on responsibility for fraud risk?
It has two primary risks: