Bitcoin security? How does that work?
Bitcoin does so many things better than banks (trusts, escrows, programmable money, cheap transfers, instant accounts, etc.), but one area that is not quite so nice, is security.
While the bitcoin network, itself, appears bullet-proof, lots of bitcoins are being stolen, via hacking, malware and flaws in online wallets and even google’s random number generator.
The answer is to get your bitcoins entirely offline, and the two ways to do this are paper wallets and cold storage.