this letter makes a strong case for multi-institution custody. i agree: giving your keys to a single custodian doesn’t make the risk go away. it moves it somewhere you can’t see or control. but the alternative proposed here, spreading keys across geographic locations and supply chains, isn’t practical for most people. life is busy. between a family and a full-time job, most people don’t have the time to maintain that setup with the opsec it requires, running key checks across multiple locations for years on end. most don’t want to do it to begin with. and there’s a tension in it. the more widely you spread your keys, the harder it gets for your family to recover them if something happens to you. multi-institution custody gives you a setup that tolerates failure, without the burden. @OnrampBitcoin, @BitGo, and @Coincoverglobal each secure a key offline, never on a consumer device, in a 2-of-3 multisig. no one of them can lose, move, or use your bitcoin, and nothing moves without your permission. it’s the third way, pioneered by @OnrampBitcoin.

most of the industry thinks multi-institution custody is a niche product. what i see every day is the opposite. most of the people i talk to have done all sorts of self custody. single sig. multi sig. collaborative custody. and they’re still choosing multi-institution custody.

my parent's health insurance premium slated to go up 87% in 2027 (so much for 3% CPI), so we had @claudeai look through the alternatives my father's first real interaction with Claude, this is what he has to say:

Bitcoin does not need to follow the same fate as gold, but that's what is looking likely. Bitcoin moving from self custody into centralized custody. But there's a third way: multi-institution custody. The most secure and simple way for most people to manage their bitcoin.

when the facts change, I change my mind. what do you do? when i first got into bitcoin, i thought that self-custody was going to be the way that Bitcoin scales for a while now, i haven't held that belief the developments in the past months make it even more apparent

The higher the yields, the bigger the print. Got bitcoin?

at least CPI is only 3% though, it would really suck if prices increased this much

'a few leaked emails' tell that to the 12,000 people who had their home addresses, phone, email, name leaked this is just one example of many

Abandoning self-custody for an ETF or a single custodian is just one exchanging one set of trade offs for another. Multi-institution custody is elegant because you don't need to be an expert at managing key material and also don't need to rely on a single company. @OnrampBitcoin

digital price tags being rolled out across big box retailers. same time trump says inflation can deal with the debt very rapidly. 🤔

The Last Trade with @profstonge. always good to talk with a fellow Philadelphian. 🔶 retiring to a thai island at 25, then losing it all 🔶 why AI is 1997, not 2000 🔶 data centers polling worse than nukes 🔶 why the jobpocalypse isn't here 🔶 bitcoin as the life raft