I disagree. It's not about moving away from the custodial wallet, it's about adding additional layers. In my experience, the seed phrase as a huge barrier for most newbies. Yeah they'll go through the motions, write down the seed, but they haven't a clue what, why, nor the magnitude of the responsibility they're endeavoring. For these reasons, they WILL screw it up.
UX stands for user experience, no? If yes, a custody is in fact a better 'X'perience for a newcomer. So I disagree with you there as well.
You actually never asked how I felt on the matter re: non-custody wallets. I'm actually very much for self-custody. I just believe there is a place for custody wallets... allow me explain:
I see it as a three-tiered system: the vault, the safe, and the wallet. The wallet being a custody wallet: for ease of use, especially onboarding a newcomer. That's where you start them and get them hooked. And again, make them fully aware never to use it for storing anything more than what they're willing to lose. Then you 'step up the ladder' so to speak to the safe when they're ready an aware of the importance of the seed phrase: a simple hw used to store a 'medium' amount (whatever that means for them). Once they're thoroughly orange-pilled and ready to invest an inordinate amount, now we move them up to the vault: air-gapped coldcard multisig, etc.
I disagree. It's not about moving away from the custodial wallet, it's about adding additional layers. In my experience, the seed phrase as a huge barrier for most newbies. Yeah they'll go through the motions, write down the seed, but they haven't a clue what, why, nor the magnitude of the responsibility they're endeavoring. For these reasons, they WILL screw it up.
UX stands for user experience, no? If yes, a custody is in fact a better 'X'perience for a newcomer. So I disagree with you there as well.
You actually never asked how I felt on the matter re: non-custody wallets. I'm actually very much for self-custody. I just believe there is a place for custody wallets... allow me explain:
I see it as a three-tiered system: the vault, the safe, and the wallet. The wallet being a custody wallet: for ease of use, especially onboarding a newcomer. That's where you start them and get them hooked. And again, make them fully aware never to use it for storing anything more than what they're willing to lose. Then you 'step up the ladder' so to speak to the safe when they're ready an aware of the importance of the seed phrase: a simple hw used to store a 'medium' amount (whatever that means for them). Once they're thoroughly orange-pilled and ready to invest an inordinate amount, now we move them up to the vault: air-gapped coldcard multisig, etc.
I hope this helps clarify. Have a great day!