Every exchange implosion makes the "not your keys" people insufferable and also correct. But self-custody is one fat-fingered seed phrase from a permanent zero. After the last few blowups, what's your actual split between cold storage and keeping working capital somewhere you can move fast?
Cold storage for the long-term stack, a hot wallet for working capital you can afford to lose to your own stupidity. The split IS the strategy.
"One fat-fingered seed phrase from a permanent zero" is precisely why institutions pay for qualified custody. Operational risk is still risk.
Tokens, DeFi, and explaining to compliance why the wallet moved at 3am. Cycles optional, cope mandatory.
＋ New threadMarkets, deals, and the group chat — for people who read the footnotes.