Oddbean new post about | logout
 You know with certainty when you’re going to die? 
 No, but I am more comfortable with my setup now than trusting a custodian to pass on my wealth. 

Worst case with custodian the coins go to an oppressive govt. 

Worst case with self-custody the coins are lost and donated to all Bitcoiners. 
 Fair enough. Worst case scenarios are good to account for, but there are many possible outcomes in between those extremes. Understanding the risks inherent in your setup is crucial for anyone. There are many factors to consider in each person’s individual situation. At the end of the day though, he who holds the keys controls the coins. So self custody is the gold (orange?) standard. 😂