> Interview 100 people and ask them if they've ever used cash.
All people I know IRL only ever carry small amounts of cash at a given point in time. The bulk of their liquidity is held at a financial institution.
While I appreciate the tremendous risk they run of having that institution go bust, the significant improvements in regulatory oversight of the past centuries have made it, in my mind, an acceptable compromise.
Meanwhile, the risk of getting cash stolen or lost remains uncomfortable.
Unfortunately, that risk is also present for people that manage their own keys. Either the private key is on a physical device which can be lost or pickpocketed, or they memorized a random sequence which they input in a hackable device every time they pay, to get a key they enter in various software at risk of vulnerabilities.
All people I know IRL only ever carry small amounts of cash at a given point in time. The bulk of their liquidity is held at a financial institution.
While I appreciate the tremendous risk they run of having that institution go bust, the significant improvements in regulatory oversight of the past centuries have made it, in my mind, an acceptable compromise.
Meanwhile, the risk of getting cash stolen or lost remains uncomfortable.
Unfortunately, that risk is also present for people that manage their own keys. Either the private key is on a physical device which can be lost or pickpocketed, or they memorized a random sequence which they input in a hackable device every time they pay, to get a key they enter in various software at risk of vulnerabilities.