I think we 100% agree. Thanks for elaborating. I am including banks/exchanges in the set of things that need regulation. I understand the way I worded my comment implies retail did something wrong, that was not the intention. I was more tying to highlight that this stuff is important and there’s a reason people lean on 3rd party entities to help them manage and trade their assets—it’s too complex to do alone for most. So we’re gonna need L2 institutions that handle large amounts of consumer assets and so we’re going to need to impose regulatory requirements surrounding e.g. key storage and access. Deploy root-chain-enforced multi-signature requirements, perhaps entertain transaction revocation for sufficiently large sums, etc.