Nick Neuman, CEO and co-founder of Casa, a Bitcoin self-custody services company, recently reported a case in which Casa helped a customer avoid losing funds due to a fire. On social media, Neuman stated that the Casa emergency line received a call from a customer who lost his seed phrase in the fire. Nonetheless, this was not a single point of failure due to Casa’s services, and the customer simply needed to replace it and use his other keys to recover the funds. “This is the power of removing single points of failure. Don’t underestimate tail risk events like this, or the California fires happening right now,” he concluded.

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