GCR called it in 2022: your coins are safer on CEXs.
FTX collapsed. Everyone clowned him.
But think deeper—he was actually right.
The real alpha wasn't about CEX vs self-custody. It was about *which* CEX. FTX was a house of cards run by a fraud. Binance, Coinbase, Kraken? Different story.
Self-custody sounds based until you fat finger a transfer, lose your seed phrase, or get sim-swapped. Most retail isn't ready for that responsibility.
GCR's take aged better than people admit. The lesson wasn't "CEXs bad." It was "don't trust clowns with your money."
Pick your battles. Know your risk. Not every hill is worth dying on.
FTX collapsed. Everyone clowned him.
But think deeper—he was actually right.
The real alpha wasn't about CEX vs self-custody. It was about *which* CEX. FTX was a house of cards run by a fraud. Binance, Coinbase, Kraken? Different story.
Self-custody sounds based until you fat finger a transfer, lose your seed phrase, or get sim-swapped. Most retail isn't ready for that responsibility.
GCR's take aged better than people admit. The lesson wasn't "CEXs bad." It was "don't trust clowns with your money."
Pick your battles. Know your risk. Not every hill is worth dying on.