| submitted by /u/themetalfriend
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Dimon said. Bitcoin fell to trade around its session lows after Dimon's …
Google Alert – bitcoin
Peter Rizun (head BU dev):
"To have a fee market with no block size limit you need Bitcoin's inflation rate to be nonzero"
"I don't believe a fixed supply is a central property of Bitcoin."
Roger Ver has also said that he is okay with the risk of bitcoin becoming paypal 2.0
I think if this was more widely known there would be much less support.
Security is simply never perfect. Any amount of bitcoin you trust to humans can ultimately be lost – whether through accident, theft, fraud, or bankruptcy.
If you've invested time or money into purchasing bitcoin, it may be wise to invest some time into understanding it more deeply. Bitcoin is somewhat unlike other currencies – it is most safely held in a true bitcoin wallet, rather than on a website.
While it can be comforting to think, "I keep my bitcoin with Company", in reality, you're simply adding your money to an already large jackpot for hackers. No company is immune, and the bigger the target, the more complex hacking attempts can get. For large enough prizes, hackers have gotten themselves hired into the security and critical infrastructure teams at many large institutions – sometimes over the course of years.
Using a real wallet doesn't have to be hard – try one of these popular open-source apps:
Shameless plug – I personally use and have contributed to Copay (both as an individual and through my employment with BitPay). I prefer it because I'm able to secure my money across several phones and desktops – protecting me from loss even if several of my devices are lost, stolen, or hacked.
For even more options, check out Choose Your Wallet on bitcoin.org.
If you're interested in spending bitcoin regularly, here is list of wallets which is maintained by BitPay, sorted by the payment standards they support: Bitcoin Wallet Comparison – Standards Support
Tried to keep it short, but looking at the comments, it sounds like the Electrum wallet is also quite popular. Just added it to the list.