I wouldn't be so sure. If you can initialize one hardware wallet, surely you can initialize three and create a multi-sig. Another option that is within reach for many more is using a partner for collaborative custody like Unchained. I just don't see how hopping from one single point of failure to...

Yeah, I have been talking about this for years. The on and off ramps are the choke points and off ramps.

Careful with the conclusion: an incident on one hardware wallet doesn't automatically mean every self-custody setup is broken. Going fully custodial swaps a device risk for counterparty risk, since the platform holds the keys and 'not your keys, not your coins' still applies. A middle path is self-c...

They want to prevent self-custody, and I have to admit it's working.

I disagree , if my mum still feels safer using a hardware wallet then so should you. Far more bitcoin has been hacked from exchanges. Like others said multi sig , multi vendor protects you. Hardware wallets also need to up the game when it comes to verification.