OI don't disagree. I just think there's a lot of space between those two extremes, and I do think the main issue is trust, not whether something is complicated to implement or not. It just takes work to create more user friendly trustless products. I think that's what justin is trying to do. There are big improvements with hardware wallets recently. Same with @k00b here. It's hard work. I don't think you need to be a hard core maxi to realize the chance you take trusting coinbase custody, for instance, or BlackRock.

Bitcoin exists because of the 2008 nonsense.