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Security question If Bitcoin becomes globally adopted: Will third party custodians (banks) still be needed for security?

Bitcoin Reddit

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What kind of extra security past personal wallets exist?

Take a country like Brazil where kidnappings happen all the time. Having possession of all your wealth will be extremely risky, no? Professional criminals can steal millions upon one breaking and entering of someone’s home.

I’m only now taking my coins off cex for the first time and thinking about the future security of Bitcoin.

Also for that matter, in Central America or Africa, where the unbanked will have all their Bitcoin on their phone likely and Cartels and militias operate with impunity, what stops them from going house to house and stealing everything from poor working common people?


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