[6gvONxR4sf7o]

With the right systems in place, you can be protected from physical compromise. For example, if my credit card is stolen, I call visa and I'm fine.

[lostlogin]

And who do you think foots the bill? You might not pay it in one lump sum, but I’m pretty sure you still pay it.

[wmf]

People who lost 100% of their coins are probably wishing they had the option to buy some kind of insurance. But no, be your own bank. (Wait, don't real banks also have insurance?)

[Karunamon]

Crypto is digital cash, not digital credit. If someone steals your physical wallet, you generally aren’t getting that cash back. Can we please dispense with this kind of hyperbolic nonsense?

[freeone3000]

You wouldn't carry large sums of cash on your person, so why are people considering large piles of cryptocurrency?

[literallycancer]

People actually carry large sums in many places where credit cards aren't prevalent. Like Japan.

[6gvONxR4sf7o]

The analogy isn't credit. It's a bank. I doubt people carry much of a percent of their total Yen wealth in their pockets.

[zelly]

The merchants who accepted the fraudulent credit card transactions don't get their money from Visa. So the merchants pay.

[lostlogin]

... and factor this into their pricing, completing the circle.