1) Best practice is typically separating it into "savings account"/ personal wallet. So cold storage and a hot/low security wallet.
2) Agreed. There are no guarantees, however strong indicators it will improve. Remember e-commerce didn't make sense either back in the day (no salesperson, can't touch goods, security - all “rational” reasons) -- but all solved.
On that point I don't even view BTC as currency actually (my personal view).
It is first of it's kind with no precedent (is it currency, asset, ledger, protocol…?). Is it all of above? Or something else? Reminds me of when first iPad came out and people just viewed it as a “large iPhone” (true, in some ways - but it’s definitely not defined that way anymore. It’s own unique category now. Public aware of nuances). No precedent. Still defining by analogy to old paradigms.
BTC is similarly nuanced. I actually view it as more buying a stock in protocol. Yup sounds crazy/doesn't make sense using old paradigms. But I’ll leave that for another post (the gist of the idea is here: http://btcgeek.com/dawn-of-autonomous-corporations/).
2) Agreed. There are no guarantees, however strong indicators it will improve. Remember e-commerce didn't make sense either back in the day (no salesperson, can't touch goods, security - all “rational” reasons) -- but all solved.
On that point I don't even view BTC as currency actually (my personal view).
It is first of it's kind with no precedent (is it currency, asset, ledger, protocol…?). Is it all of above? Or something else? Reminds me of when first iPad came out and people just viewed it as a “large iPhone” (true, in some ways - but it’s definitely not defined that way anymore. It’s own unique category now. Public aware of nuances). No precedent. Still defining by analogy to old paradigms.
BTC is similarly nuanced. I actually view it as more buying a stock in protocol. Yup sounds crazy/doesn't make sense using old paradigms. But I’ll leave that for another post (the gist of the idea is here: http://btcgeek.com/dawn-of-autonomous-corporations/).