The answer is pretty simple, people are always afraid of what they don’t know.
Most of people trust banks which is the biggest ponzi of all times but they are taught that money works like this so they don’t even bother.
I have a collegue that is convinced that steem and bitcoin is a fraud, we will see what he says when the USD/Euro bubble collapses and his bank account is worth one tenth of what is worth now.
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I couldn't agree more!
The unknown always scares us - such as the internet a couple of years back when it was supposed to be a place for drug dealers and gun sellers. The very same story is attributed to cryptocurrencies now.
Right now if I had huge amounts of money in a bank account, I would take them out immediately. A bank is probably the most insecure place of all.
These are exciting times - and the best is yet to come!