I would expect that, just like other cryptocurrency, "cloud wallets" will manage the tokens themselves for most people, who will gladly give up decentralization for the tiniest bit of convenience

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fenykep 16 hours ago | parent | next [-]

Which is still better than the status quo where only licensed banks can hold digital money for you. I'm fine with everyone having the choice of custodian as long as I can implement a wallet from the open specifications myself.

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hangrybear666 13 hours ago | parent [-]

Licensed banks aren't getting pillaged by cyber criminals though, I'm tech literate and mindful of my security and yet my 3 bitcoins were stolen from Mt Gox. People buy hardware ledgers to create a higher sense of security then those get hacked. The money in my bank so far has never been touched without me having to think about it at all.

	▲	ForHackernews 12 hours ago \| parent [-]
		Presumably you would keep most of your money in a licensed bank and only a small fraction as cash: either in a digital wallet on your phone or a leather wallet in your pocket. Being able to complete small purchases P2P offline without needing the whole MC/Visa/Square/Stripe stack would be fantastic.

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14 hours ago | parent | prev [-]

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