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"I really like the user experience of custodial services. I would never put a lot of money into any one of them though, because I don't trust them. Just like I wouldn't walk around with $10000 in my physical wallet. The risk that it gets stolen is simply to great. At the same time, this risk doesn't mean I will get rid of my physical wallet. I think having a wallet with some cash in it is super useful. I will mittigate the risk by reducing the amount I carry inside that wallet. This is the same way I think about digital money I hold in custodial wallets, be it an ecash service or others." Would significant global transaction volume in paper wallets, and satscards, mitigate the tradeoffs?

TLDR Every custodial solution, be it multisig or not, will suffer from this risk. It is part of the deal. Act accordingly. Plan for this risk when choosing to use a custodial system. View quoted note →

Great article and take. Bullish on the examples you provided. 🤙

Thank you