That's why you have to do it right. Being responsible with your own money, keeping it safe, it requires setting up your security properly. However, that doesn't mean a custodian is a better solution. No one ever said "My exchange account got hacked and I didn't lose my Bitcoin" and having the government in control of the money instead, to give them the power to print money for people who get stolen from, well we've seen what that's lead to.