Part 6/12:
However, he argues that the evolution of user-friendly multi-sig and custody solutions has significantly lowered the barrier to entry. He stresses the importance of education and user support, citing Casa’s approach of providing extensive customer assistance and simplified interfaces to help even non-technical users secure their Bitcoin confidently.
Risks of Centralized Custodians at Scale
Szabo discusses the real dangers posed by centralized custodians. Apart from systemic failure, individual accounts are vulnerable to hacking, as demonstrated by recent notable scandals. He highlights that Bitcoin transactions are irreversible, making custody-dependent solutions potentially dangerous if security is compromised at the account level.