Bitcoin Magazine Stop Pretending Bitcoin Self Custody Is Easy, It’s Not
“It’s just writing down 12 words, anyone can do it.”
This is probably one of the most frequently uttered sentences in this ecosystem when it comes to discussing Bitcoin self custody practices. It’s just keeping some words safe, it’s super easy, anyone can do it right? All the criticisms and reasons people give for someone to not self custody are just Fear, Uncertainty, and Doubt. All that FUD can be cut through with that one sentence, right? Get your coins off Coinbase now!
Wrong.
This fallacious framing and line of argumentation is no different than saying “shooting a gun is just pointing and pulling a trigger, anyone can do it.” There is so much more than just pointing and pulling a trigger to shooting a gun safe