Self-custody of Bitcoin involves more than just writing down 12 words; it requires a deep appreciation of what those words represent. Users must comprehend that these words are synonymous with their money, necessitating full secrecy and security. Factors such as physical security of the mnemonic seed, living arrangements, and trust in others play critical roles. The complexity surrounding Bitcoin self-custody resembles safe gun handling, which also requires understanding and responsibility to prevent irreversible harm and mistakes.
Writing down 12 words doesn't just solve everything. First users have to actually appreciate what those 12 words are. They have to really understand that those 12 words are their money.
Just having those 12 words written down doesn't equate to having that appreciation. Next, they need to actually physically secure that copy of 12 words to keep it secret.
A gun is not a toy, it is a tool that can kill people. Without truly appreciating that, people can be careless in handling a gun.
There is no way to wind back a bitcoin transaction. Writing down 12 words is not just a simple task but requires several security considerations.
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