Peer to peer electronic cash is for those who don't want to call a lawyer everytime a custodian (bank) decides to fsck with them

6 out of 7 "bitcoiners" have still to discover that when their custodian freezes their account / gets hacked / is emptied by inside job / has lost their money via gambling, they need to get into possibly years long fights involving lawyers to get their money back, losing peace of mind due to being out of money, and time they could've better spent. And if they get lucky they get back a fraction of the crypto, or get it paid out in shitty fiat at the rate years ago when it was lost.

This is why we say "Your Keys, Your Coins" is important.

Because centralizing your money at some custodian is at best a little more expensive, in the middle its major hassle, and at worst you lose what you got there permanently.

Most of the world doesn't have time or money to afford expensive lawyers to get properly compensated when crooks decide to pull the rug.

It is however, pretty easy to safe keep some amount of sound cryptocurrency in your own custody.

Guess this is my New Years message, a couple of days early. Do yourself a favor. Get your coins off exchanges if the only reason you have them there is "convenience". Do take your time to learn the basics of keeping your own coins safe, yourself. It's a skill that will serve you well in the long run. If you're not here for the long run, might as well ignore this post.