Post
Topic
Board Bitcoin Discussion
Re: Phase 1, Complete. Onward with Phase-2
by
usabitcoinbuyer
on 25/02/2014, 06:17:03 UTC
Good, but please let's remember that the actual solution will be "Phase 3," which can't arrive too soon:  software & services using practical multisignature transactions, and also high-volume decentralized exchanges.

Wait... I thought Phase 3 was Profit!  Smiley

I agree with the OP and the other sentiments here.  I had a few BTC in Gox to trade with.  I would have liked to scale up the trading size, but simply didn't trust them enough (and very glad in retrospect I didn't succumb to temptation).

Other players in the field may be more professional, but whether due to real growing pains or unwarranted FUD accusations, they all seem to have their issues.  At the end of the day, the only place I currently trust with my BTC is my own wallet(s), stored on machine(s) only I control and have access to.  Bitcoin has to progress beyond the need for that type of security policy, or it can't/won't realize its full potential.