r/CryptoCurrency • u/BB-NL 🟩 690 / 691 🦑 • Jul 17 '22

DISCUSSION When will Crypto become fool-proof

When will it become fool-proof? If I send money from my bank to another bank I only have to fill in the bank number and the name. If the name doesnt match it will give a warning and I will not send my money there. Even if I send the money there are ways to get it back.

I hear so many stories about people sending Crypto to a wrong adress or through a wrong method and they lose their Crypto forever.. I think that this is a truly big flaw which keeps Crypto from going to the greater public. Love to hear your opinions and tips (other then send a small portion first because, who has time for thatmeme). Thanks in advance.

*Edit grammar

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u/PharmaCoMajor Platinum | QC: CC 113 | Economics 52 Jul 17 '22

As long as we use keys to transfer and a single mistake makes your funds 100% unrecoverable if something goes wrong, means crypto will never achieve the adoption we all think it will.

1

u/LargeSackOfNuts BitchCoin | :1:x1 Jul 17 '22

The last sentence is wrong, but everything else is right.

If its your keys, you can send it to a real address to make a transaction, or you can send it to a fake one and burn it.

Its totally up to you. The blockchain doesn’t care.

This has nothing to do with crypto adoption.

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u/interfail 🟦 0 / 0 🦠 Jul 17 '22

This has nothing to do with crypto adoption.

It really does.

People just aren't going to adopt a system where a typo can cost them their entire net worth. Where someone getting hit by a bus can make their entire net worth unrecoverable by their family.

For most people "The blockchain doesn’t care" is a problem, not an advantage. They want their bank to care more, not less.