~snip~
If one of the most experienced devs can't keep his stash secure, how do we expect a random, way less tech-savvy users to do it?
So now, the average Joe will get the massage that self-custody is not safe and neither is holding on CEXs (i.e. because of FTX).
~snip~
Luke wasn't using a modern wallet, he was using old private keys, and it seems he generated those keys, or at least seems to have some kind of information about those keys in a device connected to the internet.
An average Joe that wants self-custody today will generate a seed phrase on an air-gapped device, so they will be in a more secure setup than what Luke had.