alt Hacker NewsI mean you're just making bare assertions, of course there are halfway options. Different components of the account or relationship can have different parameters. Most crypto products are not the equivalent of depositor accounts anyway, they wouldn't be insured necessarily at a traditional bank either.
Most "crypto" products aren't even crypto but custody accounts. But that doesn't change the fact that blockchains that can be controlled by specific entities unanimously are a joke of a crypto.