We will always have custodians. I wish we wouldn't, but I bet we will.
Let's build better custodians then!
Discussion
why do you think we always will?
reality > ideology
Because most people are not willing to learn new things. Can't blame them. They (we) were programmed this way to be dependant on government and financial system we live in and most people will always seek easier path. Self custody is far from being easy for someone completely new to Bitcoin. It's all too foreign to them.
With all tech that has features for users there are use cases, need states, personas that vary, and each use case and user work flow and need state will cause various usages. Among these, some are optimal with self custody, others need custodial neutrality, or multisig, or some other feature set. Custodial services are a component of an ecosystem. An ecosystem is what is materializing and evolving.
Yes.
Bitcoin will be the back bone of a new renaissance of free banking. But a real one this time.
Millions of banks, issuing ecash, all backed by Bitcoin.
I love and recommend self custody, but a new era of free banking on a Bitcoin Standard is inevitable.
YES! 💯
The only custodian experience I've had is a pool that ended up stealing. Bitcoin has worked well without custodians other than the fees, lag, and lack of privacy.
There's nothing technically wrong with offering custodial tools. In some sense I am a custodian. The default for whatever money should still be self-custody and privacy at scale. If you can make useful custodial options, that is great, keep up the good work.
Of course we will have custodians. Most people don't like to take responsibility for anything..
Not everyone will be a tech saavy hodlr... If we cannot protect the widow, then she will not be able to choose to give two mites...