Comment by xyst

While no longer popular, decentralized banking via cryptocurrency/digital currency would have made unilateral access issues impossible.

Want to access your wallet on the chain? The tech doesn’t give a shit about what device you use. Just present the private key to wallet and access funds.

But alas the tech never took off beyond grifters/scammers and speculators use case. Also, people would rather trade the promise of safety that centralized banking promises (deposit insurance, regulations, access to person that may help resolve lock out issues, …).