Controlling your own crypto keys is like having your net worth in cash or gold stored in your house. It could easily be lost or stolen or destroyed in a fire unless you take extraordinary precautions and then it is all gone.
Controlling your own crypto keys is like having your net worth in cash or gold stored in your house. It could easily be lost or stolen or destroyed in a fire unless you take extraordinary precautions and then it is all gone.
It's not at all like storing gold, since you can have multisig wallets. You can make it arbitrarily difficult to lose or get stolen, depending on how thinly you want to slice your secrets and how many friends you have.
"you can have multisig wallets"
This falls under "extraordinary precautions" that few people do and is an enormous error prone hassle.