Comment by jamienk
18 hours ago
You think it is a lost cause to get credit cards, for example, less steal-able? Apparently there is a way to create fake cards that work for a few minutes, and stolen cards can be used. A lot of the current security is inelegant and lame. Could data-breech laws not light a fire under some company's asses?
I think the solution is a system like cryptocurrency to where the responsibility, liability, custody, and capability to defend oneself lies in the end user.
It doesn't even need to be decentralized: GNU Taler is one example that gets posted here a lot.
Any attempt to retrofit the old system of banking will only make it harder to replace by a system with better underlying assumptions.
I don't think older/busier people who regularly fall prey to scams even in the current system would be thrilled to assume more responsibility for their financial safety.