Comment by marcinzm
2 years ago
> The problem is that so many people got comfortable delegating all their financial and data risk to third parties
The "problem" is that most people prefer to not lose their life savings because their cat stole a little piece of metal and dropped it in the forest.
Yup, and some people crash their cars, and some people accidentally burn their own house down. Most people have figured out how to deal with situations like what you mention. People who have trouble following best practices are going to have a hard time, but that's no different than status quo.
The solution people came up with a long time ago were banks and is very much considered a best practice to keep your money there.
And when that system of institutional safety measures fails such as someone being swindled into sending all their money to a Nigerian prince you get news stories that ask why the institution isn't liable for the loss or doesn't have better safety guards.
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