Media is pushing narrative for the case for custodial wallets.

I have seen several stories about people being locked out of millions like this:

And all of them suggest that there should be "some way" to be able to recover your keys - which of course means 3rd party control. This is very dangerous and anti-bitcoin. It's 10000x more of a risk of centralization than big blocks.

https://dnyuz.com/2021/01/12/lost-passwords-lock-millionaires-out-of-their-bitcoin-fortunes/

submitted by /u/tiredasbot
[link] [comments]