Yea see the problem is that you are arguing under some implicit idea that you’ll just accept the results of the system.
Every single crypto property I’ve talked to has ended up at a point where they believes that someone cheated them outside the bounds of the system and then look to authority figures to rectify the situation, like the government.
If you are someone who actually believes that crypto transactions should be unmodifiable by any third party then what you said makes sense. I just don’t think that anyone telling me they believe that isn’t lying to themselves at best, and lying to everyone else at worst
> unmodifiable by any third party then what you said makes sense.
You are right, I do. The same reason I don't think the cryptocurrency is for everyone. And the reason I accept this, is because "traditional institutions" still can be "easily" gamed: enough cases of social engineering around to be considered a norm. Where law enforcement won't try enough or can't do enough to return the money transferred to a hostile account. Following this, if someone smart enough to avoid the banking scams, they are probably smart enough to manage their own wallet safely.