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!
Those are great analogies.
I would wager hard drives fail more often than houses burning down.
I don’t know- I am a computer geek for a living, and I am not quite convinced that I trust it yet.