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[–] go1dfish 0 points 6 points (+6|-0) ago 

The only parts of crypto that have to be hard right now are the gateways to fiat because government demands it.

Once you have it, it's really quite simple and there are very easy use wallets now.

Securing large amounts can be more difficult, but most people wouldn't even attempt to store such large amounts of wealth in any other form on their own.

Cryptocurrency has the potential to be way more secure and easy to use than any other form of banking system currently known, but significant effort into making things easy to use hasn't happened until more recently.

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[–] hels 0 points 3 points (+3|-0) ago 

I entirely support your words. I have nothing to go against them but it sucked when my 1.08 bitcoins disappeared when instawallet went down.

Remember silkroad? Had 0.2 bitcoins in there too.

Those numbers are here and there but why trust crypto? I don't think you know that a government can completely censor or shut down the internet. I am curious why you think crypto is more secure and easy than any other form of banking system. Let's pretend that USA Walmart could not accept US currency in the United States. Tell me, what do you think would happen. So let's pretend that all any server that can be accessed in the world stopped processing bitcoin transactions.......

We know that internet is censored in a major country like China. We know that censorship is coming towards us, why crypto?

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[–] go1dfish 0 points 4 points (+4|-0) ago 

I went looking through old wallets the other day and saw a transaction of 10 BTC to MtGox, not sure what ever happened to that.

Almost everyone in early on the crypto space lost some, but almost everyone who stuck with it gained more than they lost as well.

I am curious why you think crypto is more secure and easy than any other form of banking system.

Because pretty much every banking system right now involves trust or shared secrets.

Clearest example:

You know your pin code, and you have to give the bank your pin code to authenticate yourself. This is not the case with cryptocurrency. Newer chipped/contactless payments also have similar features in this regard though as well as Apple Pay.

Beyond that, money in a bank always requires trusting that bank (or the US government in the case of FDIC insured deposits)

You can hold bitcoin without trusting anyone, and it is possible to transfer bitcoin to a completely unknown location, and even password protect/encrypt the private key. So you can get all the benefits of physical security with none of the downsides of internet access for coin you want to store long term, and this is what exchanges do with cold storage.

So let's pretend that all any server that can be accessed in the world stopped processing bitcoin transactions.......

Not sure what you mean by this, these servers are distributed they could be censored like china does but that censorship could be routed around through encryption like people currently route through the chinese firewall.

In a doomsday mass EMP event or something yes bitcoin becomes rather useless until communications are restored and there isn't a good way around that. Precious metals still have a place for that sort of doomsday scenario.