> almost everyone deposit them in institutions
Why do you think so? Of course, we all hear about people who lose it all in crypto exchanges. But how would we hear about the ones who don't?
Why do you think so? Of course, we all hear about people who lose it all in crypto exchanges. But how would we hear about the ones who don't?
I hear stories about them and whether the con-artist got access to their digital wallet, whether they made it to a safe room in the home invasion and, of course, whether they got rights to mine the dump.
Forgot your password? All your money is gone. Hard drive crashed and no backups? All your money is gone. Accidentally installed malware? All your money is gone. Spouse or parent with all the coins died? All the money is gone. Fat-finger a value in a transaction? Lots of your money is gone.
Yes there are “solutions” to all of these problems. All of them are Rube Goldberg contraptions themselves and have their own failure modes.
The truth is hard to know. I wonder how many people lost their coins to the ether by losing their keys or sending to the wrong wallets.