The second sentence here is such an odd one to include in the article:
"Benyamin Ahmed is keeping his earnings in the form of Ethereum - the crypto-currency in which they were sold.
This means they could go up or down in value and there is no back-up from the authorities if the digital wallet in which he is holding them is hacked or compromised."
Many people don't understand there's a difference between realised and unrealised profits, so it's never a bad idea to remind them they aren't the same thing.
How is that odd? Crypto subreddits are full of posts describing exactly the above situation. People are trying to get rich quick, without understanding what "be your own bank" requires in terms of security.
Comments
The second sentence here is such an odd one to include in the article:
"Benyamin Ahmed is keeping his earnings in the form of Ethereum - the crypto-currency in which they were sold.
This means they could go up or down in value and there is no back-up from the authorities if the digital wallet in which he is holding them is hacked or compromised."
Many people don't understand there's a difference between realised and unrealised profits, so it's never a bad idea to remind them they aren't the same thing.
"there is no back-up from the authorities if the digital wallet in which he is holding them is hacked or compromised"
was the most jarring part
How is that odd? Crypto subreddits are full of posts describing exactly the above situation. People are trying to get rich quick, without understanding what "be your own bank" requires in terms of security.