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RE: Why Bitcoin will never be as secure as a Bank
You are using a false analogy but I upvoted because you make some very valid points.
It depends on the situation. For example in Cyprus they got a haircut, literally their money being stolen. Also, there are online services today, that serve as banks. You are talking more about the old days of crypto
Wasn't bitfinex just "hacked" because they didn't use the multi-sig service of a 3rd party properly?
@dantheman
I wasn't actually having bitfinex and similar corner-booth exchanges in mind but rather trusted merchants like coinbase and kraken. Let's face it. You can store your money in a Swiss bank and you can also store it in a Botswanan' one.
"Banks" covers a very wide spectrum. Like I said above. It depends on the situation.
I actually pull out all my funds when Bitfinex required me to use google auth or Bitgo as and 'extra measure' of security. I found my self having to confirm things 6 times - then use google.
To me? If someone has access to my email and can read the texts confirmations that com in on my sip account, then they deserve my Bitfinex withdrawal. Ether way. I got out before hand on MtGox, Bitstamp and Bitfinex.