Opinion
Institutions pay custodians for illusory safety. Bitcoin's onchain governance eliminates counterparty risk that traditional models reintroduce.
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Kevin Loaec is CEO of Wizardsardine, a Bitcoin security company focused on building open-source infrastructure for long-term custody and governance. He works with institutions designing policy-driven Bitcoin control systems that prioritize auditability and resilience.
Institutions pay custodians for illusory safety. Bitcoin's onchain governance eliminates counterparty risk that traditional models reintroduce.