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Money, Cryptocurrencies, and AI: Exploring the Future of Finance with Chris Skinner (Ep. 234)

Data Science at Home

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The Importance of Trust in Cryptocurrency

With crypto we still have to find a way to gather an insurance because if they go busted or if they make a mistake, someone has to refund. In my case I put it in a coinbase vault which doesn't mean that it's guaranteed but I feel more comfortable putting my crypto into a cold wallet on the network that's owned by a licensed exchange rather than it being on me. So it's your choice. If you've got a million cryptocurrency at your access and by a million I mean a million US dollars, do you put it ina cold wallet so it's on you or do you say it's trusted because it's on the blockchain so you can find that transaction and those

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