Hacker News Reader

Yes, very true. However when people forget the passphrase to their wallet and lose access to their funds, suddenly they don't want to be their own bank anymore, they want a name and number to yell at down the phone until it comes back.

I’m reasonably smart, but I still find the idea of managing my own crypto wallets intimidating. I don’t know what I don’t know, and it’s an unforgiving process if you screw up.

Not entirely. A few other use cases:

- workaround to not pay Western Union's fees

- investment

- trading

- protection against inflation

- money to buy goods from (sometimes questionable) places

- money to buy digital goods

- NFT Stuff

5 out of 7 I can do already. Western Union and NFT are the use cases I can see as unique. Although wasn’t there an NFT exchange where I can buy in dollars now?

That’s not to say it should be mutually exclusive, but it’s not unique and probably simpler with hard currencies. And probably more safe guarded as well.