Is the irreversible nature of transactions/theft a curse for BTC?

self.Bitcoin12d ago
I understand how the immutability of transactions is an advantage because it cannot be interfered with by a third party. However in the event that credentials are lost, stolen or forgotten there is no recourse for a person since their entire savings will be wiped out in an instant, this seems to be a large penalty that may put off adoption. Another nice thing that might not exist is theft protection and I wonder if this opens up the possibility for businesses to cheat customers.