> Bank's provide this protection. A similar problem arises under other circumstances. And yes, there are off-the-shelf solutions now, eg: https://bitwarden.co

> Bank's provide this protection. A similar problem arises under other circumstances. And yes, there are off-the-shelf solutions now, eg: https://bitwarden.com/help/emergency-access/ https://bitwarden.com/help/emergency-access/ Technically, "I forgot the key" access is not a difficult problem to solve. And because of they have digital contracts as part of their DNA, crypto currencies provide all the tools you need to solve it even without things like Bitwarden. You are right about there being no "banks" in one aspect though. While there are any number of solutions out there to the crypto-currency key problem and some will do a better job than a bank, there is no easy and low risk way to find the solution that works for you. Certainly nothing remotely as easy and low risk as "walk into any USA bank and open an account". The real magic of a conventional bank is not all the protections in place (who hasn't been screwed over by a bank or credit card company at some point?), it is that it is a "well understand, everybody knows about it" convention.