Post
Topic
Board Bitcoin Discussion
Re: The risks of self-custody outweigh the risk of exchanges
by
Rruchi man
on 16/11/2022, 17:33:24 UTC
You may have heard of James Howells and his $11 million plan to find a hard drive with $181 million in Bitcoin. That is a risk of self-custody.
Nobody said that self custody was 100% risk free, but sometimes it is better to put your fate of safety in your hands than depend on someone that you will be unable to know exactly when they have been compromised. James Howells is one of the very many cases of carelessness, but it is also a reminder that it is also a possibility and something that can happen to anyone. As we are all considering self custody this sort of reminders that come through stories that loss is still possible is very important to make us aware that there are still risks involved.