[ExI] bitcoins

[The Avantguardian]

>________________________________
> From: Mirco Romanato <painlord2k at libero.it>
>To: ExI chat list <extropy-chat at lists.extropy.org> 
>Sent: Tuesday, April 9, 2013 3:59 AM
>Subject: Re: [ExI] bitcoins
> 
>
>Il 09/04/2013 11:02, Eugen Leitl ha scritto:
>
>Make a lot of backups, store them safely, make them a shared secret,
>whatever needed to make sure they are not lost whatever could happen.
>
>
>I would like to emphasize "shared". The major flaw I see with bitcoins is that there will probably be a slow but steady rate of decline of the ultimate supply of bitcoin. People will die with their brain wallets or encrypted wallets undisclosed and these bitcoins will effectively be remocved from the economy period. Make sure that someone somewhere can retrieve your bitcoins should the unexpected overtake you. 
>
>
>Stuart LaForge
>
>"Ignorance is the curse of God; knowledge is the wing wherewith we fly to heaven." - William Shakespeare