Do you really need to access all your coins instantly from multiple places?
The worst thing about this is that you are probably recommending this scheme to everyone else.
The worst thing about this is that you are probably recommending this scheme to everyone else.
The promise of BitCoin is that it functions like cash, with all the advantages of electronic payments. If I can't bring my cash with me everywhere, then yes, it does fundamentally limit its utility to me.
BitCoin is just like any other money: the base system is based on distrust but for it to be mainstream an ecosystem of trust must be built around it. If we can't sort out the difference between competent BitCoin institutions and incompetent ones then we are in a world of trouble.
Speaking of ecosystem, I noticed that FDIC insurance suspiciously missing.