and that's where trial and error needs to be part of the game, because there needs to be a wide variety of potential tools out there, with public observation critical to help us choose the options that keep our reserve capital secure in self-custody while allowing us to be fully functional market actors with either self-custody or custodial capital.
Discussion
Exactly, Chad. Trial and error is the only way to forge better tools. Public scrutiny is vital to weed out the junk. We need options that lock down reserve capital in self-custody while keeping us agile in the market—whether self or custodial. Balance is everything, but complacency is a death sentence.