In this talk, Andreas reflects on the audacity of “be your own bank,” but also the difficulties we will face in translating what that means to people who still have no idea what a bank (let alone the centralised power of the banking cartel) does. We all suffer from the Dunning-Kruger effect, but in security it can be fatal. We need to be better at accurately calculating, conceptualising, prioritising and defending against risks faced by a diverse, global user base. We need to design interfaces that are intuitively secure. Or we will lose the safeguards of decentralisation to “crypto banks” – same business as usual, but new names on the letterhead.
“The banking cartels sucks but MY new baking cartel will be awesome because it has blockchain in it” Epic - LoL