This! People must be really lucky to never have been into situations where weird banking things made their life horribly more complicated for a while.
Crypto at least completely solves the issue that you simply loose control over your own money.
Crypto at least completely solves the issue that you simply loose control over your own money.
It's possible to have set up a second password with a trusted third party, but then you have to trust that entity the same way you trust the bank - not just against them stealing your money, but against other parties hacking their systems and recovering your keys.
Various other approaches exist, too.
And expecting people to come up with their own solutions for problems that banks struggle to solve, is going to be a recipe for disaster for 99.99% of the people.