Nick Neuman (Casa) on Self-Custody
Galaxy Brains
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The Importance of Control in the Financial Industry
The value is trying to build a system that is more distributed, puts control into the hands of individuals and lets people actually have that control over their money. With self custody, you significantly flatten out and broaden the sort of like attack surface. And we've seen it a bunch with most recently prime trust, finance, commingling customer funds with their company funds,. FTX, massive fraud, Celsius, misusing like gambling customer funds and random DeFi protocols.
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