[MadnessASAP]

Unfortunately I will never be willing to entrust my financial safety solely to an algorithm.

An algorithm cannot be reasoned with, it cannot understand that your house burned down and destroyed your ID. It cannot accept liability for it's actions.

If I lose my bank card I go to a branch, verify my ID, and get a replacement. The bank is liable if they allow somebody other then me access to my accounts, regardless of how convincing the fraudster might have been.

Source, been using banks for 30 years now.

[DennisP]

Key redundancy and social recovery are pretty much solved problems in crypto.

[dewey]

On a technical level, not a human level.

[hot_gril]

Exactly. I've held large amounts of Bitcoin for years but always been too intimidated by hardware wallets or the fancier security schemes. It takes time to learn and try that stuff to the point of 100% trusting it, and I'd rather be called obtuse than overconfident like this guy: https://www.reddit.com/r/TREZOR/comments/s9lgyy/5eth_bounty_...

My solution in the end hinged on a paper recovery phrase, stored in... a bank.