Quote from: DannyHamilton on September 08, 2015, 01:01:10 PM

Quote from: keepdoing on September 08, 2015, 12:06:20 PM

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this points out a MAJOR flaw in bitcoin..... the fact that it's leading supporters / proponents / educators are currently a merry band of inbred idiots.
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That's not a flaw in "bitcoin", that's a flaw in the human race.

There will always be people in the world that give bad advice on any topic. There will also always be people in the world that are foolish enough to take bad advice without considering the consequences.

In reality, maintaining control of your private keys is a perfectly valid choice for many people, and trusting someone else with control of the private keys can occasionally be the better choice for others.

However, I'd suggest that if you need to trust someone else with your private keys, then you'll want to make sure that you choose a business that is well regulated, audited, and insured.

And I would like to add, one that uses multi-signature wallets.
You can never be too sure.
We have seen "haircuts" lately by well established banks in their area.
So consider all third party the same way as a bank.
They sure operate the same way with KYC and so on.