Are people too stupid for bitcoin?

So I just got a ledger nano S and was reading about all the ways they can intercept your crypto. It had me thinking of everything that goes into owning crypto and how many intricate ways you can be scammed out of your coins, even with a hardware wallet.

Most people can't even take care of their belongings. We have car and home insurance, if we forget our pin or lose our bank card we can go to the bank to get another one.

People will always turn to authority when they get taken for a ride, and I'm a little concerned our society might not want to move back into a society where your assets are entirely your responsibility.

I think a lot of people will lose their private keys and they will be absolutely screwed. How many bitcoin have been lost from such silliness?

Thoughts?

Submitted February 24, 2018 at 04:55AM by ClearheadedBackbone http://ift.tt/2CfkIaF