Oddbean

You also have to consider hostile govt or institution risk. You are absolutely exposed if you trust a custodian but not at all if you hold 2/3 keys. Everything is trade offs. But playing dumb fiat games will win you dumb fiat prizes. Testicular fortitude to hold your ground when faced with a formidable foe is present much in today's society. Everyone loves to ask permission "for their own safety". Play the game but don't be lulled into "safety" by following every fiat rule out there. This is a technical revolution and we have the better tech. Act accordingly.

Yeah I'm not advocating bitcoin IRA's just answering a question. Besides, not everyone wants to self-custody and that's just a fact that a lot of bitcoiners don't want to face up to. Some people are not going to take on that kind of responsibility, they'd rather stay with the convenience of fiat & banks and bitcoin ETF's. Convenience is so much easier, it's why most people don't take privacy & security seriously on the internet because that involves effort & responsibility no matter how many times they are told the importance of it.