Time to time I am reading about robberies where a huge amount of #cash were stolen (this time to #PSG goalkeeper in #Paris) and then I am thinking about #bitcoin..

..perhaps in some cases it is better to not be your own #bank, or at least to not have everything stored in one place only.. πŸ€”

Reply to this note

Please Login to reply.

Discussion

Yes, you should think about what is required to recover from a loss.

eg

10% loss requires 11% growth to recover

25% loss requires 33% growth to recover

33% loss requires 50% growth to recover

50% loss requires 100% growth to recover

66% loss requires 200% growth to recover

75% loss requires 300% growth to recover

90% loss requires 900% growth to recover

Losing 25% is recoverable in 5 years, but if you lose half or more, you’re in Tiger King territory.

Decentralise everything....this is the way

well, here I am even think about a necessity of a mandatory required multisig rules solution