Next time someone says your crypto wallet is less secure than your bank account, show them this. You basically openly give your private key every time you transact at the ATM. Yes, you can “recover” your funds and yes there is a limit on how much damage thieves can do…
but let’s take this one step further by applying second order thinking like an intelligent person, and ask yourself: Who is paying for this? How much does it cost in aggregate?
Let that sink in…
now while you are at it ask yourself:
Can crypto evolve to provide fool-proof security without the cost associated with “convenience” of a 4 digit pin?
I think so!