Comment by PinkSheep

> unmodifiable by any third party then what you said makes sense.

You are right, I do. The same reason I don't think the cryptocurrency is for everyone. And the reason I accept this, is because "traditional institutions" still can be "easily" gamed: enough cases of social engineering around to be considered a norm. Where law enforcement won't try enough or can't do enough to return the money transferred to a hostile account. Following this, if someone smart enough to avoid the banking scams, they are probably smart enough to manage their own wallet safely.