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A comment on The "email is authentication" pattern. Parent comment

Re:The "email is authentication" pattern by Too on Sunday September 08, 2024 @02:25AM (#41478584)
For the system yes, a dropped coin eventually reenters the market and a burned bill can be reprinted again. Can't say the same about a crypto wallet. For an individual though, in both cases, a lost wallet is a lost wallet.

While an interesting difference to study, the average person is not going to care about the former case. They just don't want to keep their life savings in an asset as easy to loose as their pocket money.

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Re:The "email is authentication" pattern by IggleSniggle on Sunday September 08, 2024 @12:52PM (#41481445)
If you drop your wallet in a bar, there's a chance you can recover it by returning to the bar and searching for it, by the bartender or a patron returning it to you based on the address or a number in your wallet, etc. Physical money really is not the same, even for the individual.
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Re:The "email is authentication" pattern by d0gsg0w00f on Sunday September 08, 2024 @03:44PM (#41482633)
A burned bill can be replaced because its value is backed by an institution--the absence of such an institution is the premise of crypto.
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