It is interesting that Facebook et al did this in the reverse order - build social media, then use it to start facilitating payments. Hive had the wallet first, then built blogging and other platforms on top of that. But I take issue with the notion that the money can't just disappear. Crypto wallets can by hacked (albeit usually by social engineering), or the money can be lost if one doesn't properly record keys. And something I don't see addressed is: what happens if the primary token of a particular blockchain collapses? Do all the nodes keep operating, or does everyone bail because there's no more profit, and thus the wallets ALL disappear?
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When Facebook was getting started, the idea of crypto was not even on the radar.
All that you point to is due to user error. That is different than money disappearing due to an account closure.
And as far as I know, blockchain was never hacked, it was always a smart contract or user not securing the keys.
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Yes, as I observed, the first two are user issues, though I wouldn't call asset loss due to being hacked by social engineers user error. More like a lack of user savvy. But hopefully by the time someone has gathered sufficient assets to be worth targeting, they have gained the savvy needed to avoid such things.
But what about my third point? What happens to wallets on a blockchain if the primary token collapses?
If the primary token collapses and nobody is running a node then the wallets are dead.