Mass Adoption requires more Accessible and Safe Self-Custody.

Hey guys, just wanted to talk a bit about self custody, it’s current state, and how this affects adoption.

The most recent SEC regulations against exchange based staking etc have garnered many conversations that this may actually be good in the long term as it incentivises self-custody. I tend to agree for the most part. What I want to express however is the current state of self custody and it’s future in mass-adoption of cryptocurrencies.

Consider yourself, would you say you are of average intelligence? Are you relatively adept at using a computer? If so, at least 50% of the population are less capable than you. Do you think that self-custody is safer, easier, and more accessible than a regular bank account, which many already struggle to manage? I am all for decentralisation and self custody, however I think currently the ability for one to, for example, click one bad link and click agree to a bad smart contract, or lose a seed phrase, and thus lose everything is a massive vulnerability, even to those of us who are a bit more switched on. While normal bank accounts are no strangers to scams, the responsibility of self custody at the moment requires much greater scrutiny of security measures and safe keeping, and the sole responsibility of the owner. For the average Joe, this may seem all too daunting, enough to put them off and hinder long term adoption.

How do you guys see self-custody changing in the future? How could it be made more accessible to the average consumer? What changes do you think are required for widespread adoption of self-custody? Look forward to hearing your thoughts and counter-arguments.