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RE: Your Bitcoin, ETH, STEEM, and other Crypto are NOT stored securely.
Great article @hatu. Very timely. As we push for adoption, security will be at the forefront. And, given the numerous scams that we hear about daily, most are more security conscious than usual.
Personally I do not believe that the majority of consumers want to be concerned with security. Making crypto adoption even more difficult. That coupled with major corporate bids into the crypto space, which will probably be more centralized, but have a more acceptable or understandable level of security to the general populace, will make security murky.
All this to say that I think you have hit upon a key topic that will define where Bitcoin and cryptocurrencies go from here.
Yeah we can always "encrypt" our paper wallet, like splitting, removing some letters and only memorize those, etc.
That is a solution, and it does work. However, it limits the transaction factor of the currency. Hence, a paper wallet is less a wallet and more a storage.
Without such limited transaction capability, the point of BTC becomes moot as a currency and it becomes a pure store of value.
In a future piece, I can cover how a technology like Bitfi can support Lightning Network to make secure mass transactions of BTC a reality.
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The problem herein is that people should be concerned with security.
Good thing is that many are yet they opt for cold wallets thinking that they are secure when they often aren't the golden standard.
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