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> maybe putting some into professional multiparty custodial systems and/or one or more cold wallets with trustees is a good idea. So, you want to delegate your
by vkou 1y ago
> maybe putting some into professional multiparty custodial systems and/or one or more cold wallets with trustees is a good idea.
So, you want to delegate your ability to spend your money to other people.
Why not just go to a bank? It can do that for you, plus pay you interest.
- kev009 1y agoMost people of any significant wealth would have made the delegation long ago to private client banking where a team of people overlook all aspects of the accounts. So yes, you are a fool not to if you have the level of wealth proportional to having it beaten out of you in your geopolitical region. A custodial service is a bank that operates on a different network and is not FDIC insured (which only covers $250k). It could be insured privately. The interest on an FDIC deposit account is well below true inflation of fiat currencies.