Awesome post, Craig. I really like the analogy of a bank keeping all of it's funds in a single deposit box with a single key. I've been thinking a lot about key management recently. An underdeveloped key management industry might be one of major factor holding cryptoassets back from wider adoption. This socio-technological movement is all about empowering individuals, but the industry could do a better job creating tools for everyday users so funds can be securely stored outside of exchanges. Obviously, regulatory clarity and better public education on these topics would be critical as well.
To lean more about the details of QuadrigaCX case, check out this week's episode of Unconfirmed:
https://unconfirmed.libsyn.com/the-quadrigacx-case-taylor-monahan-on-what-we-know-from-the-blockchain-ep059
To learn about the self-proclaimed "best personal key system on the planet," check out Casa: https://keys.casa/