Look up Lightning. To be honest, saying this is a pretty reliable reverse-shibboleth that you have no idea what you're on about.
> Your bank account is secured with a password.
secp256k1 is a lot stronger than a shitty bank website.
> the signing key, and once you lose it, you have lost your account
Good thing we have invented backups. Even multisig if you wan to get fancy.
> Every transaction you make as well as your balance is public on a blockchain.
On a pseudonymous address that's difficult to impossible to correlate with an individual, and effectively impossible when using lightning.
> Your bank account is private only to you and the bank itself.
And the state comptroller, and the police, and the bank's advertising partners, and any number of federal agencies, and anyone who looks at frequent bank data leaks, and...
> This one is more subjective and I won’t really comment if I trust Chase or Coinbase more
Do I need to explain why it's not accurate to conflate coinbase with bitcoin, or was this just for rhetorical effect?
Look up Lightning. To be honest, saying this is a pretty reliable reverse-shibboleth that you have no idea what you're on about.
> Your bank account is secured with a password.
secp256k1 is a lot stronger than a shitty bank website.
> the signing key, and once you lose it, you have lost your account
Good thing we have invented backups. Even multisig if you wan to get fancy.
> Every transaction you make as well as your balance is public on a blockchain.
On a pseudonymous address that's difficult to impossible to correlate with an individual, and effectively impossible when using lightning.
> Your bank account is private only to you and the bank itself.
And the state comptroller, and the police, and the bank's advertising partners, and any number of federal agencies, and anyone who looks at frequent bank data leaks, and...
> This one is more subjective and I won’t really comment if I trust Chase or Coinbase more
Do I need to explain why it's not accurate to conflate coinbase with bitcoin, or was this just for rhetorical effect?