All investments have risk. For example the US Government might make bitcoin taxable, Iceland might make bitcoin illegal, and the valuation might plummet at any point.
But one of the most unsettling parts of bitcoins is that if stolen they are not just lost, but they actually go to bad guys. For example Mt Gox didn't just "lose" half a billion dollars, but criminals acquired said amount. THat money could be used for human trafficking, terrorism, or even just more servers/hackers for more exploit discovery.
Now we have smaller issues with Coinbase. But considering that they are the flagship company with top-tier investors (YC, USV, A16Z), it's almost more unsettling that they mark security bug reports as a won't-fix and even ignore homakov's* emails. And often only respond to issues once they hit reddit.
So I'm curious, how has the last week affected your approach to bitcoins?
* imagine the Coinbase equivalent of "how come I commit in master"
But one of the most unsettling parts of bitcoins is that if stolen they are not just lost, but they actually go to bad guys. For example Mt Gox didn't just "lose" half a billion dollars, but criminals acquired said amount. THat money could be used for human trafficking, terrorism, or even just more servers/hackers for more exploit discovery.
Now we have smaller issues with Coinbase. But considering that they are the flagship company with top-tier investors (YC, USV, A16Z), it's almost more unsettling that they mark security bug reports as a won't-fix and even ignore homakov's* emails. And often only respond to issues once they hit reddit.
So I'm curious, how has the last week affected your approach to bitcoins?
* imagine the Coinbase equivalent of "how come I commit in master"