I understand buying and selling BTC-backed securities that are backed by a trust... | Hacker News

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		speedplane on Sept 20, 2017 \| parent \| context \| favorite \| on: Bitcoin has died 166 times, so far I understand buying and selling BTC-backed securities that are backed by a trustworthy bank... but keeping your life savings on your laptop is just cray cray.

marcosscriven on Sept 20, 2017 | [–]

I read a story of people losing a huge amount to theft: https://medium.com/@CodyBrown/how-to-lose-8k-worth-of-bitcoi...

slamdance on Sept 20, 2017 | [–]

yes. But they also have credit card accounts, hardware wallets as well as paper wallets. If you keep your coins offline (if you're holding), they won't get hacked.

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