Crypto enthusiasts know and understand the advantages of holding their private keys. It ensures that no one, not one person or party can arbitrarily seize control of their funds -- whatever kind of crypto they choose to hold.  They know only too well that if the keys are not in their safekeeping, they are not SAFE.

Case in point: the Celsius App.

This financial app offered various percentage yields on storing crypto with them.  However, as soon as the markets were hit with devastating red days, Celsius went under. They locked transfers.

And we all know how this story goes. The investors are outraged, the CEO vanishes, sparse excuses on Twitter, and a mob of angry, gypped people, etc.

Anyway, we learn the same exact lesson as before: NOT YOUR KEYS, NOT YOUR WALLET.

'Custody' means they have a say over your funds. They can arbitrarily hold your funds to "Take care of things" that aren't right. What? Like, perhaps making sure institutional investors can exit key positions as the market tanks ? (I'm alluding of course to Robinhood's embarrassing and unjust dealings with their 'commonman' users)

In Celsius' case, there was reckless leveraging in the markets that wiped them out.

Their first thought? Take the funds of the investors and lock them up to cover their foolishness and mismanagement.

And for those of you thinking this is an isolated case, let us look at Solana whose development team decided to unilaterally pass a proposal that let them TAKE CONTROL of a crypto address.

Why?

"For the good of the Solana ecosystem" of course.

Arbitrarily seizing control of the high value account, Solana has invited the death of Centralized Crypto.

And Coinbase isn't doing any better but you can find out about that for yourself. Can you guess how it will end for Coinbase users??

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To sum up:

• The more pain we experience with regard to CEX's, centralized crypto like Solana, and custody apps, the less we will trust.
• Use DEXs, interact with contracts you trust. Move your holdings to cold storage, move them off CEX's.
• Your Keys are Yours, Avoid Custody apps at all costs.
• Decentralized is the future, Non custodial is the future.
• Build decentralized and non custodial services to ensure your longevity as a company or app.
• The end of arbitrary seizure is closer with every failure of Centralized, Custodial apps, services and companies.