I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.https://twitter.com/cenaclecapital/status/1028632915951972352 …
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Not trying to convince anyone of that. They aren't 100% secure, however they also aren't just going to lose a customer's private key and thus their entire wealth. Eventually in a generation we will get to a point where people won't need those 3rd parties, but not right now.
Investors who are interested in a trust-minimized way of storing and transferring their wealth don't need it now. Investors who do need it now may just be dumb money and it's very counter-productive to compromise with the desires of dumb money.
