> What coinbase needs are IRL offices where you can go and do things like account recovery, and where people trying to steal money can be caught and prosecuted
People getting locked out of their account (which can happen due to no fault of the user, e.g. by an overly nervous risk system) will be really happy to have to potentially travel to a different city to regain account access...
I would be very happy to do this.
Fine, make it optional. I actually would love a version of cold storage that is: never release this money unless I personally travel to an office if NYC and authorize it.
Just buy sone gold bars, and bury them in your yard.