[Fnoord]

All these blockchain cryptocurrencies end up being traded on unregulated exchanges. These don't have same protection and requirements as banks. They are a wild west. And why do people use these exchanges so much versus blockchain? Because blockchain is highly inconvenient. I mean for starters how on earth is it user-friendly to require the entire thing on a device, requiring synchronization as well. It also requires a high quality always-on connection.