this post was submitted on 07 Sep 2023
198 points (86.4% liked)

Technology

60024 readers
2894 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

the danger in crypto is shooting yourself in the face and losing your keys. Theft comes from bad software around the crypto like browser extensions and shit like that, the blockchain itself though makes theft numerically impossible on timescales like the existance of the universe.

Sure, but you NEED software to interact with the blockchain, and that software WILL have bugs. That's just a fact.

Whatever wallet you use will have security vulnerabilities, and if combined with say a windows 0-day, it can cause huge amount of damage.

But your point stands that it isn't user friendly, which isn't new to emerging technology.

The theft stuff isn't a user friendlyness issue, it's a built in thing. You can try to prevent it, but it will happen, and when it does, whoever it happens to is in huge trouble.

On a personal note, I very much like the model of self custody of assets, and this is coming from someone who almost fucked up and lost their keys. Loss of assets is a possibility and should be in the mind of users, but the tradeoff here is that you always have access to your funds and control over them.

Depends on what your assets are. As soon as it touches any other system, you lose self custody. And if it doesn't interface with other systems, it will be pretty limited.