This problem exists with cash. We teach people to not keep too much cash on them... | Hacker News

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		conradev on Jan 15, 2022 \| parent \| context \| favorite \| on: It’s not still the early days of blockchain This problem exists with cash. We teach people to not keep too much cash on them, but to keep it in a bank where it is safer. You could get a credit card, and then it’s not even your money that you are spending! or your money that you lost to fraud. I can see both of these existing in the crypto world in some form, the same way they exist in the fiat world as for the banks and institutions and companies losing all of their money? that’s a new blockchain problem for sure

lawtalkinghuman on Jan 15, 2022 [–]

> as for the banks and institutions and companies losing all of their money? that’s a new blockchain problem for sure

No, that used to be a real-world problem for banks until laws were passed that more tightly regulated financial institutions...

e.g. in the US, https://en.wikipedia.org/wiki/Wildcat_banking

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