This is why I'm disillusioned by the Uncle Jim model nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx feverously advocates.
No way I'm ever going to ever be altruistic enough to put funds at risk just to onboard friends and family to custodial solutions that go against bitcoin's ethos.
If Bitcoin is popularized, in any sense, most people's exposure to it will come with all the legal liability and regulatory trappings that it was designed to circumvent.
We will be lucky if there is any route around the red tape, but clearly the road will be littered with loss scenarios like these.
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