Sounds very akin to people trusting banks to hold their gold knowing that a 'bank run' would be rare.

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Counterparty risk is an inherent part of being human. We’ll never remove all of it and it’s not default evil.

It’s also fair to say that Scottish widows in the early 1800s didn’t have the option of using bitcoin.

Never said counter party risk was evil. We may never be completely rid of it.

I'm not a Scottish widow and I DO have the option of using bitcoin.

GN PV.