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RE: A small dive into EOS: First up, why is there no Account Recovery System?
Crypto for the most part is 'manage it yourself'. Lose the keys or passwords, and your currency is trapped forever. This is what the average man in the street struggles with and why a more broad acceptance may be delayed.
To have this account recovery on our blockchain to me is a bonus. I really wouldnt expect it anywhere else and really.. is it tha bad? We have all got to learn to be responsible as our own bank manager.
I agree to an extent, particularly when it comes to the currency applications of crypto. However if crypto is to make the cross over to mainstream and a myriad of different apps, a robust means of recovering an account that doesn't compromise the integrity of the blockchain, seems sensible to me.