[ploxiln]

The security situation is inverted.

For a typical bank account, the security is up to the Bank and the Government, and there's nothing you can do about it.

For a crypto-currency wallet, the security is up to you.

Some people are dismayed that the common person is enabled to fuck it up - gamble, invest in ponzi schemes, leave control of their wallet to a sketchy third-party. Some people are very excited that they're finally able to take control of their own accounts and make their own security guarantees, and not worry about identity theft, paypal policies, FBI or IRS freezing accounts due to a bureaucratic mix-up, etc.

[zaarn]

In a cryptocurrency wallet the security is up to you and the developers of the wallet and the developers of the blockchain.

If you run some chain like IOTA then chances are you get hacked despite doing the best security possible under the circumstances because the underlying chain sucks.