The complexity of self-custody is a bigger barrier to adoption than we give it credit for

We really need to eliminate the trade off between security and ease when it comes to crypto custody. Setting up a wallet might not seem that complex to The space right now is entirely made up of crypto enthusiasts that are way way way more hardcore about it than the way the average user will be once we hit true ubiquitous adoption. Take any one of your friends that don’t know anything about crypto and explain the process of setting up a wallet and what the risks are if you do it wrong. Many more people will find this off putting than some of you realize.

People who use the internet are not “internet enthusiasts” they don’t care about learning about the tech, they just want to use the internet in a seamless and easy way. When crypto goes mainstream it’ll be exactly the same as that for 99.9% of all users.

I think this is a large barrier to adoption unless we either a) make the exchanges trustably secure or b) make self-custody as easy as using an exchange.

The perfect idealistic version of crypto is not going to be the one that gets adopted.