It really highlights the current state of Bitcoin. The promise is having an all-digital method of transferring value peer to peer, without the need for banks, o

It really highlights the current state of Bitcoin. The promise is having an all-digital method of transferring value peer to peer, without the need for banks, or other central authorities. The reality however, is that it's just not all that easy to cut out the middleman. People follow the path of least resistance, and educating yourself on cold storage and paper wallets and the like just isn't that easy compared to simply trusting a third party to do it all for you. Unfortunately, in doing so you give up all the benefits of bitcoin, AND all the benefits of traditional banking with it's oversight and FDIC coverage, etc. Literally the worst of both worlds.