The set of people running a service with a revenue of 500k on a personal device must be minuscule and the people doing it almost certainly know it’s stupid.
This is qualitatively different from crypto that allows you to burn your money on accident, while the people who build the infrastructure for this tell you is a smart, safe place to put your money.
Interesting how your example has just completely changed.
But also, wiring money is a thing that laypeople almost never do. It’s nerve wracking to wire money. But the equivalent in cryptocurrency is just how it’s done. Every transaction is just a fuckup with no recourse waiting to happen.
What's so interesting? I already told you this wasn't a simple missclick. No need to reiterate.
You can dump money into a pit just as easy with the classic banking system. Where I live (EU), wiring money is the primary way of payments and money transfers. People don't use anything else.