>actually banks have failed in the past, this infrastructure not yet
Man, what are you talking about? There's a new "$100 million in coins go missing" story every 6 months.
Man, what are you talking about? There's a new "$100 million in coins go missing" story every 6 months.
Coins go missing from exchanges, which break the basic private key rule. People use exchanges for convenience because as clever as cryptocurrency is, it has no answer to the exchange problem.
Bullshit. No "religious" following of rules can protect you against a zero day exploit somewhere in your system.
Actually, there are smart contracts which act as exchanges. Not for all currency pairs yet, but it's on the way.