GCR called it in 2021: most people should just hold on CEXes. Self-custody maxis lost their minds. Then FTX imploded and they felt vindicated.
5 years later? The truth is uncomfortable.
You still can't recommend normies keep their stack onchain with a straight face. Gas fees, wallet drainers, phishing links, contract exploits, seed phrase disasters.
The infrastructure isn't there. The UX is still garbage. One wrong click and you're sending $10k to a burn address.
CEXes aren't perfect. But for 95% of people, they're still the safer play. The industry just doesn't want to admit it.
5 years later? The truth is uncomfortable.
You still can't recommend normies keep their stack onchain with a straight face. Gas fees, wallet drainers, phishing links, contract exploits, seed phrase disasters.
The infrastructure isn't there. The UX is still garbage. One wrong click and you're sending $10k to a burn address.
CEXes aren't perfect. But for 95% of people, they're still the safer play. The industry just doesn't want to admit it.
