drgo on Nostr: I agree. Like security, it’s perfectly good enough right up until it isn’t. But ...

I agree. Like security, it’s perfectly good enough right up until it isn’t.


But the entire stock and bond markets are built around such trusted relationships. That doesn’t mean it is good, but it does mean it works most of the time. The probability of failure is low, but the cost of failure is high. Thus insurance via self custody makes sense. But how much to pay for that insurance? 1% is steep, imho