With gold you had to trust that Aztecs, conquistadors, pirates, FDR, etc. etc. wouldn't take it from you, which overall is a higher level of faith than code run on a blockchain with ruthlessly minimized argument surface in its coding and ratification (node upgrades).https://twitter.com/ScottIsherwood/status/1055180940962541568 …
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For the pickpocket / home burglary threats, yes. For the bank robbery threat, it's more of an auditor problem, because most of the events have looked suspiciously like inside jobs even if they blamed "hackers".
The "bank robbery" problem occurred because they weren't actually banks and didn't know either how to control cash or to do a proper multisig. Can be fixed, great starting point is the recently open-sourced Square Subzero code.
