Your mindset represent a trend that is rampant in the bitcoin community, and is a huge drag on bitcoin, in my opinion.
The mindset being that you're securing your life savings.
That mindset is prevalent in the bitcoin community, because many of them indeed hope that their bitcoin IS their life savings. They hope for the day when their bitcoin has appreciated to the point that it's a significant asset, worthy of significant pains to protect it. From that perspective, your mindset it rational and correct.
The problem is that when you advocate such complex storage and use methods, you are advocating unnecessary complexity for the people you are attempting to sway to bitcoin. The normal person who wants to send $50 to his mother in the Philipines, or wants to have $100 on his phone to buy beer and hotdogs with, does not need such complexity, and will quickly run the other way when bombarded by it.
Any normal person who looks in to bitcoin, is bombarded with crazy ideas that the self appointed bitcoin experts claim he must must jump through.
* Use multiple addresses for privacy. Nobody should reuse an address.
* Use offline storage
* Generate your addresses on computers not connected to the internet
* Use a trezor.
* Use a deterministic wallet
* Don't use coinbase or circle, or the government will track you
This barrage of advice, which does indeed make sense for aspiring bitcoin millionaires and criminals, doesn't make sense for normal people, but nobody tells them that. Instead, they tab their browser over to facebook and resume their day, secure in the knowledge that bitcoin is not for them.
If you insist on making bitcoin the domain of nerds, only nerds will use bitcoin.
The mindset being that you're securing your life savings.
That mindset is prevalent in the bitcoin community, because many of them indeed hope that their bitcoin IS their life savings. They hope for the day when their bitcoin has appreciated to the point that it's a significant asset, worthy of significant pains to protect it. From that perspective, your mindset it rational and correct.
The problem is that when you advocate such complex storage and use methods, you are advocating unnecessary complexity for the people you are attempting to sway to bitcoin. The normal person who wants to send $50 to his mother in the Philipines, or wants to have $100 on his phone to buy beer and hotdogs with, does not need such complexity, and will quickly run the other way when bombarded by it.
Any normal person who looks in to bitcoin, is bombarded with crazy ideas that the self appointed bitcoin experts claim he must must jump through.
This barrage of advice, which does indeed make sense for aspiring bitcoin millionaires and criminals, doesn't make sense for normal people, but nobody tells them that. Instead, they tab their browser over to facebook and resume their day, secure in the knowledge that bitcoin is not for them.If you insist on making bitcoin the domain of nerds, only nerds will use bitcoin.