Why blockchain is not yet working (2018)
The &quot;lack of intuitive private key management&quot; is worth expanding on.<p>Would it not be nice if you could, maybe for a small fee, have some trusted entity <i>store</i> your private key for you? One could perhaps imagine storing a printout of the private key in some kind of physical &quot;safe deposit&quot; box, to be maintained by such an entity? But maybe that is to cumbersome and we can do so entirely digitally? In that case I guess that said entity would need to demonstrate a proven track record of safely keeping a record of your net worth, as well as the various in- and out-going transactions between its different customers.<p>With the obvious possibilities for abuse, it is clear that such an industry would see a fair amount of regulations, and one can foresee never-ending tension between government, the established corporations, and potentially disruptive newcomers....