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Lack Of Technical Knowledge Can Make Bitcoin Riskier

The well-known Bitcoin proponent and author of Mastering Bitcoin, Andreas Antonopoulos has spoken about one of the most important issues that the space has today, secure storage of Bitcoin and other cryptocurrencies during a Q&A session on YouTube.

During the Q&A session, “the author elucidated Trace Mayer’s statement that a user required Bitcoin Core for network validation, Armory for managing the private keys, the Glacier Protocol for standard operating procedures and a Purism laptop for hardware” In addition to this, he also spoke about the gold standard for the storing cryptocurrency, which would apply for non-technical investors too.

On Trace Mayor’s prerequisites, Antonopoulos explained that different groups have their own risk models and tolerance for technical complexity. On top of this, he said that the key factor is that the technical complexity is a part of the risk model. He also said that a user would be at “serious” risk of losing their cryptocurrency as the…

Read Full Story : Crypto Daily™

2019-02-04 13:30:00

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