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by tluyben2 1557 days ago
People use custodial wallets which is a bad idea anyway; but it supports the original point; people generally do not understand or care about the basic premise of decentralisation (and, as such, have no interest in the added inconvenience, although with enough tech that can be solved). They use crypto because ‘get rich quick’ and ‘no taxes’ and they do not know or care about how it works. Their coins are in centralised wallets or exchanges . Adoption of the decentralised might (but probably not at all) come slowly over time. You need to read up on things before shouting BS though; there is a lot wrong with all the blockchain stuff but one good thing is; they cannot freeze your wallet if you have it locally; if you do not have your crypto currencies in your locally wallet, you do not own them as such is what any crypto pundit will tell you.
1 comments

But rarely anyone is capable of securing local wallets, especially when it concerns serious amounts of money. So back at trust we are.
I wouldn't say it's rare for those actually entrenched in the crypto community. Hardware wallets are fairly easy to secure and if you really want no trace of ownership, you can just memorize your 12 word seed phrase.