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Time to stop demonizing delegated custody.

Bitcoin Reddit

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All this movement of NYKNYC has been entertaining for a while but it hurts global adoption more than it helps.

Self custody is dangerous, inconvenient and impractical for a LOT of people that prefer to delegate those concerns for a variety of reasons.

There is nothing wrong depositing your funds in a trusted institution if you are not threatened by an oppressive state or something like that.

Note the difference between depositing (what you do with an Exchange) and LENDING (what you did with Celsius).

Also, in the long term it will be necessary to generally use delegated custody with the dissappearance of the block reward.

submitted by /u/mredda
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