ARK Invest's Lorenzo Valente calls for founder-led signature upgrades over governance votes, as self-custody slowly dies "I'm not a cryptographer, and obviously, a lot has been said about ECDSA, which is kind of the elliptic curve cryptography that Bitcoin and Ethereum use." "Self custody is just a harder and harder sell in terms of the core crypto ethos. We've been having this thesis internally that self custody is slowly dying and I think this is just accelerating." "It's one of the core reasons DeFi is actually not growing, because we don't have anyone that's willing to self custody. We're waiting for the Robinhoods, the Coinbase, and other applications to actually onboard users." "The other thing that is scary is the solution to that, which is other sets of signatures. They're not well known. They're not well tested. People have very divergent opinions about it." "A lot of the L1s that we build, Ethereum and others, now they have an amount of governance. The miners. There's onchain votes. There's the users, the stakers." "This seems like a topic where you want founder mode. You want someone to say, we're gonna make this transition. We're gonna use these signatures, and we're gonna do this before mid next year." "My concern is a lot of these will get lost in governance and votes and stuff like that. And so that's also the part that is a bit scary."