This is a brilliant breakdown. You are absolutely right. A seed phrase in one drawer is a single point of failure. Multisig adds complexity that most people aren't ready for. And the tax reporting trap is real. You get out of the bank, only to get caught in the IRS paperwork. But this is exactly why self-custody requires discipline, not just hype. Your action step for this week is solid: Restore a backup on a spare device and test it. If you don't test it, you are just hoping. And hoping is not a strategy. If you use multisig, back up the descriptor. Here is the balance: Yes, learn the rules. Yes, protect your assets. But don't let the fear of making a mistake paralyze you. Do the work. Test your backups. Learn the tax laws. Faith without action is dead. But action without preparation is just a different kind of trap. The system is rigged, but we are learning how to play the game and win.