I think about this type of risk now more then before. I think because I have lost money and had my money tied up on bridges for a month at a time, not knowing when I would get it back, and in the back of my head worried I would never get it back.

I remember you telling me that you would keep your HBD in HIve, not send it to Cubfinance for an extra 4% APR. You mentioned 3rd party risk, and I was surprised. But it opened my eyes to the various 3rd party risks all around me.

I even mentioned to khal that using BItcoin in MakerDao Vaults entailed 3rd party risk due to the Bitcoin bridge where you trust the bridge with your real Bitcoin and use the Ethereum NFC Bitcoin in the Makerdao vault. I thought this 3rd party risk was significant enough to make me invest in ETH instead of BTC to eliminate the 3rd party risk.

I think people think it's silly not to trust the Bitcoin Bridge because it is big, old and well established. But all I see in the history book of cryptocurrency are big, old and well established entities failing.

What do you think?