self-custody is a massive risk for the majority of people
Discussion
How so?
makes them very vulnerable to permanent loss via attacks or accidents. even Luke got a bunch of coins stolen.
Why should we care. Fiat money is also a massive risk for majority of people because majority of people is mathematically illiterate. Everything is a massive risk.
Enjoy your 21M limit then. Fractional reserve will easily make it 210M if not much more.
Glad I am storing value with Monero, where states encourage self-custody through delistings.
Different risk levels for different people, but much less risky than having a single entity damage everyone at the same time.
A few, at different times and different losses, get damaged, versus everyone, at the same time of with everything on the line, get damaged.