The Risk of Custodial Use of Bit Coins

Custodial risk has come about because you now have these big institutions coming into bitcoin, and a lot of them don't feel confident enough to manage their own keys. The risk here with custodians is if you have a major attack or compromise of one of these custodians, where there their keys are compromised. And poof, just like that, the institutional confidence in storing big coins is completely decimated. A drop in price,. a significant drop in price, has a long term effect. Because monetary goods, this is not the thing i talk about in my book, is their path dependent people's confidence in them is is really based on looking at past prices. As the price