Where do I say invest your money in other fiat currencies like Zimbabwe dollar instead of bitcoin? You're completely missing the point I am talking about. Imagine evenly investing in 20 assets, 19 sto...
Yes, you are correct. I suppose my analogy missed the mark.
What I mean to say is: The Coldcard breach was not a failure of Bitcoin. In fact, the network worked exactly as designed: private keys were able to move funds. It was just a failure of one very poorly designed and tested vault that secured some portion of the property on the network.
What I hear from your 19-stocks-out-of-20-assets example is: "You should let somebody else hold 95% of your assets. so you can't be wiped out by an unforeseen event with any one of them." But in that case you're just one counterparty risk away from losing 95% of your assets: government enforcement.
What I mean to say is: The Coldcard breach was not a failure of Bitcoin. In fact, the network worked exactly as designed: private keys were able to move funds. It was just a failure of one very poorly designed and tested vault that secured some portion of the property on the network.
What I hear from your 19-stocks-out-of-20-assets example is: "You should let somebody else hold 95% of your assets. so you can't be wiped out by an unforeseen event with any one of them." But in that case you're just one counterparty risk away from losing 95% of your assets: government enforcement.