Are there any downsides to rooting?

The thing with Google Wallet is not that it won't work on a rooted phone, but there is a security loop hole on rooted phones.
 
Since I am new to the flashing and rooting game (but I do have to admit, I am glad I flashed and rooted), what are several ways to actually hard brick your phone?
 
The thing with Google Wallet is not that it won't work on a rooted phone, but there is a security loop hole on rooted phones.

Yeah but, someone has to actually have your phone.... AND be a geek like us to even know there is a security issue... then know what to do with it.

I'll risk it. I'm cuwaazy like that.

*customized tapatalk signature*
 

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