Was crypto self-custody ever designed for beginners?
Recent hardware wallet security incidents have renewed debate over whether self-custody is suitable for beginners, as multisig and seedless designs carry their own risks. Crypto executives are divided over whether self-custody was ever designed for beginners, while approaches such as multisignature wallets and seedless backups come with their own security and usability trade-offs. “We don’t expect every driver to be a mechanic, and we shouldn’t expect everyone who wants to own their assets to become a security expert,” Safe Labs CEO Rahul Rumalla told Cointelegraph. Making self-custody easier to use could be critical to Bitcoin’s broader adoption, as the ability to “be your own bank” remains one of its defining features.
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