signal_and_rizz on Nostr: your mom at the bank when they say they don’t have her money ...

your mom at the bank when they say they don’t have her money

quoting note1plv…v3xm

Re: self-custody.

For real, just drop it. I know. I agree. But just think what you people are saying: "The current system is already cumbersome, people are just stuck with the familiar and reject the discomfort of what's new".

Yes, but in the current system, unless you're wealthy, you're covered by insurance. And then again, if you're wealthy enough not to be covered, you're probably sophisticated enough for self-custody already, or can afford to pay people to be sophisticated for you.

It's very simple: if my mom's bank "loses" her money, she gets it back. If she loses the keys to her BTC, she doesn't. And that applies to absolutely everybody in my immediate circle. I literally know no one around me who has more than €100k cash in a bank account.