>Somebody steals your bank info and withdraws $100k from your account
>get it back and only have to pay a few hundred at most
>somebody steals you credit card and maxes it out
>contact credit card and file fraud report, charges reverted
>somebody steals your crypto currency private key and withdraws $1m usd worth of coins, or an exchange gets hacked
>SORRY DUDE GUESS YOU'RE OUTTA LUCK XD
This is why crypto will NEVER go mainstream as a real currency or store of wealth
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Yes OP you’re totally right.
I’m making money on crypto, but it has a degree of complexity that I don’t see the average Joe trying to pay a bill with it.
>boomer fag detected.
>doesnt know that the internet was overly complex in the beginning
>doesnt understand that us young people dont even carry cash any more
I agree - the consequences for a fuckup are brutal and that is something normies don't accept now. Crypto will need a 2nd or 3rd layer eventually that insulates the normies from themselves, which will require fees and will bring us back to the current state. The value of crypto is for the trustless system that will provide a backbone to the rest.
the world will find a way to limit the value because they are somewhat retarded.
>he doesn't think there won't be crypto banks backed up by crypto insurance. He thinks everyone will hold onto their private keys. Lol enough people already store their money on exchanges that are insured.
Thats kinda the point of crypto.
>Large buisness, recieve order for goods
>Smart contract confirms goods delivered
>Sperg buyer cant call credit card company and charge back the charge
Hurr durr. Th Internet will never work. Normies will never learn command line functions.
Large pump group will be working on Binance tomorrow at 1PM EST, have a look!
discord gg/CSGVBHw
Insurances rates would be WAY higher than for fiat banks. All it takes is someone to get access to the private keys and BOOM everything is gone in one fell swoop. The risk is astronomically higher.
Except what really propelled the Internet into ubiquity was the Web and other easy-to-use things.
If using the Web still required accessing text-only services via the command line, it would not be commonplace.