Leonardo.based🎩
@0xleonardo
Self-Custody Wallets: A Blessing or a Risk? 🔑💭 Self-custody wallets are the foundation of true decentralization—but let’s be real, they come with serious risks. One lost seed phrase, one phishing attack, and 💥—your funds are gone forever. No bank to call. No reset button. Just pure blockchain brutality. 🚨 The Two Biggest Issues with Self-Custody: 1️⃣ Lose your keys? Lose everything. 🔐 2️⃣ Get hacked? No recovery. 👾 For mass adoption, we need an extra layer of security—because most people won't risk managing their entire net worth with a 12-word phrase scribbled on a piece of paper. ✅ Possible Solutions for Safer Web3 Adoption: 🔹 Smart Contract Wallets – Multi-signature approvals, time-delayed withdrawals, and account recovery mechanisms. 🔹 Social Recovery – Trusted contacts can help restore your wallet if you lose access.
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