Shattered Dreams

I look back at this last year of shattered dreams I wonder what have we learned.
Terra Luna
Three Arrows Capital
Blockfi
FTX
Do Kwon
SBF
Other platforms
Other personas
Other cult-like communities

The Lessons

These are positions many would agree with, but they overlook the historical record, and human nature in my humble opinion.
Personally, I think that self custody is a complex process, with real risk of loss of assets from theft or error.
I think the majority of people who peer down the rabbit hole of self-custody shudder at the complexity and then when they realize they are totally responsibility for the safety their assets.. and they opt out, hard stop, thanks but no thanks.
The path of least resistance and shifting responsibility to someone else seem much more likely to me for the majority of the population.
I don't mean to be critical of humanity, but safety and caution are genetically advantageious traits, and I think going from the security of traditional banking to the insecurity of cryptocurrency is a huge leap of faith and not to be taken lightly, so people don't do it.
Even going from HIve to Cubfinance DEFI is a leap of faith with complexity in the air for the whole jump.
So many people just don't do it, and it's not just the newbies that avoid defi, some OGs do also, it is not worth the risk to them, no matter how high the potential yields are. They won't DEGEN in ...

I think that it's clear that opaque CEFI is bad, and transparent self-custody is good, but the risk gap is to wide.
SELF-FI is scary.
I think we need a different option between TRADFI and SELFI, something with a little of each, so people are comfortable dipping their toe in the pool
I am sorry, I really wanted to believe that mass adoption of self custody was a possibility, but no longer.
But I am interested in hearing what other people think about this topic?
Do you think self custody will get adopted by the masses?