[elevader]

Hardware failure is extremely relevant if that hardware is the drive you store your private key on,at which point the wallet is gone forever. One could say "don't do that, have elaborate backup strategies" but that brings us back to UX. Even professionals who should know better tend to be awful at this.

[jonathan-adly]

I have no problems with this. Like I said in the original comment, people not wanting to run their bank is a solvable UX problem. Fundamentally, I don't see why it has to stay this way.