Why You Shouldn't Hold Crypto

People often speak of wallets holding crypto, but really what they have are these keys for various addresses. Most modern wallets require you to keep track not of private keys, but rather a seed phrase. A guy in Wales named James Howells periodically pops up in the news because he threw away a hard drive with the private key for 8000 Bitcoin. He's pretty sure he knows the garbage dump that has his hard drive and is waging a campaign to dig it up.