Quote from: o_e_l_e_o on February 04, 2022, 03:34:56 PM

People need to think of mobile wallets like their actual physical wallets. Would you carry around $400,000 in cash in your wallet?

That's the great thing about Bitcoin: it weighs nothing and doesn't take up physical space. $400,000 in $50 bills weighs 8 kg and would make your wallet 80 cm thick.

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Why, then, would you carry around $400,000 in bitcoin in your mobile wallet instead of putting it in a hardware wallet or cold storage?

Given enough people, some of them are bound to do stupid things.

Quote from: zasad@ on February 04, 2022, 04:15:04 PM

If a man trusted his family, he would give them access to his wallet.

That's not a smart thing to do. Giving additional people access to your wallet increases the risk of losing your funds, even if they mean no harm they can make mistakes.