[Forgeties79]

I always see advocates for crypto bashing central exchanges, but at the same time they bemoan the slow pace of adoption. I just don’t see it ever being even remotely main stream without central organizations. It is far too much work managing it all yourself even for tech savvy people. Just the process of downloading a wallet and downloading ledger is a huge pain in the ass. And then have to do it for every crypto if you’re not using a multi-wallet!

[EVa5I7bHFq9mnYK]

Downloading a wallet takes a few seconds. You dont need to download a ledger to pay.

[Forgeties79]

If you’re storing your own crypto you need a wallet, backups, and cold storage at the very least. Plus you need to remember your seed phrase. If I lose my bank account info or cards I have several ways of getting access to my money, crypto no so much.

It has been a while since I set up but last time I did I had to download the blockchain’s ledger aka the history of every single transaction. Is this no longer the case?

[EVa5I7bHFq9mnYK]

no longer)

[selectodude]

I'd rather not have my access to my net worth be behind a six word phrase. Might be tough to pay for shit after I get hit by a car or get old or something and have trouble remembering stuff.