"For all the talk about " decentralization " and "empowerment," the cryptocurrency industry has ignored the one layer every user touches: the wallet. Blockchains get upgrades, protocols get rewrites and AI agents get hyped to the moon, but the thing people rely on to hold their money and identity is still a browser plugin glued together with warnings and hope. It's almost comical how many of crypto's biggest failures trace back to this. Hacks blamed on "user error." Blind-signing scams that empty wallets in seconds."
"And the worst part? The industry treats all of this as normal. Wallets get dressed up with new UI or a shinier extension icon, but underneath, they're built like SaaS products pretending to be self-custody. A website outage, a compromised iframe or a vendor failure is all it takes to expose users who thought they were "sovereign." This isn't a niche problem; it's the problem. The one quietly shaping public perception, killing adoption and giving regulators endless ammunition."
Cryptocurrency wallet infrastructure remains fragile and outdated, typically implemented as browser plugins that rely on warnings and user luck. Major failures often originate from wallet vulnerabilities such as hacks labeled as user error, blind-signing scams, and lost or phished seed phrases. Wallets can collapse due to browser freezes, spoofed UIs, website outages, compromised iframes, or vendor failures, exposing users who assumed sovereignty. Cosmetic UI changes fail to address core design flaws, leaving many wallets to behave like SaaS rather than true self-custody. Mainstream adoption stalls because users will not trust systems that demand memorized magic words and fragile browser security.
Read at Entrepreneur
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