[Mr. K]

I am not “misunderstanding” anything

I am just amazed people found value in this.

If your hard drive crashes, your screwed.

[Reily]

Yep

I’ll quote another 19th century financier - P.T. Barnum.

“There is a sucker born every minute!”

Well it’s analogous to pre-computer days:

1. House burns down takes all your paper money and stock certificates - wealth gone!,

2. Bank fails or is robbed (pre-depositor insurance days) - wealth gone!