I love the concept of cryptocoins. But in practice, there are some enormous hazards that make it not worthwhile IMO. This is just one such hazard, but by now we've seen several flavors of "this custody/storage mechanism failed to securely store some wealth." If securing it yourself, it's so easy to mishandle and either destroy your wealth or have it stolen. If delegating it to an "expert" you risk the custodial agent falling victim to theft/exit scam/ineptitude. Does any third party insure these agents?
Having a government-insured bank deposit means that I've never had to think about this in my lifetime. It's a problem that I don't need.
Having a government-insured bank deposit means that I've never had to think about this in my lifetime. It's a problem that I don't need.