How is bitcoin to succeed? Just today, I was looking at buying a wallet for cold storage. All I see is Ledger was hacked, data was leaked. People are trying to purchase ledgers anonymously and store seed phrases on aluminum cards that they hide away. I feel like to the average joe, however, this isn’t as appealing as having the security of an insured bank backing them. Practically speaking, I think hackers, phishing, the technological prowess required and the seeming insecurity of crypto, are going to turn off the masses from embracing it.
I’m not bearish, I want to see bitcoin succeed. But from a security standpoint, I think a lot of people are going to be afraid of losing their bitcoin to a scam, especially seeing as there’s no insurance policy for it.
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