Comment by ufmace
4 months ago
I think a lot of people bought some crypto early on when it was really cheap, were kind of sloppy about the security of things, and then left it alone and ignored everything while it went up by 10,000x in value. Now when their account is worth hundreds of thousands of dollars, their security is pretty inadequate for something with that actual value.
Many people have accounts worth hundreds of thousands of dollars of non crypto assets but are relatively safe with the same level of security (or even less) than what crypto demands of its users.
Well yeah. Which shows that, despite the poor understanding of some in tech of how conventional finance actually works, it's dramatically more secure than any type of crypto at securing large amounts of money for actual users.