Lost wallets, lost passwords, lost mobiles, scams, and truly truly truly bad customer service (crypto services are crummy rubbish at caring for customers - it's something to behold - they're lucky they're not all fined and jailed - some people actually believe they're anonymous!
)...
Global consumers cannot handle cryptos. End of! Fact! Own it! Make your money and run back to FIAT.
If people here on BCT are struggling to hold onto their crypto, then what about the consumer at home who is not as computer literate as the people here?
Paper wallets, hardware wallets... Is this what this industry is offering as some form of security for the whole world... seriously??? That is the joke of the 21st century!
Crypto will only move forward once we have crypto banks. A place where people have assurances for their funds.
Let me be blunt. I can afford to lose what I hold in crypto, but can my grandma afford to put her life savings into crypto and lose it all? She needs the assurance of a bank. She needs assurance/insurance that guarantees her funds.
She doesn't want to be her own bank. She wants someone to look after, and guarantee, her money. She wants to know it's there when she needs it.Imagine your grandma talking to someone like the boss of BitGrail over a dodgy entry...
Be your own bank is a myth that will never happen in our lifetime.Maybe crypto will become an underlying payment protocol but I don't believe we will ever get to a point where people will be their own bank.
Check this
https://cointelegraph.com/news/russia-blogger-who-boasted-about-crypto-wealth-beaten-and-robbed-for-425khttps://cointelegraph.com/news/ukraine-security-service-allegedly-raid-forklog-confiscate-tech-and-fundsHalf an hour in your house and thieves can clear you out! What recourse will you have? Who do you speak to?
...Please plug me back into the matrix, and fill my pockets with RIPPLE!
