© CCFOUND sp. z o.o. sp.k.

Not your keys Not your Bitcoins?

Do you agree with this statement question?

Do you agree with this statement question?

27 users upvote it!

11 answers


P
correct! Just like the money in the bank is not yours.
correct! Just like the money in the bank is not yours.

Machine translated


3 likes

K
I agree with it 100%!
I agree with it 100%!

Machine translated


3 likes

F
So
So

Machine translated


3 likes

c
Tell me maybe, how much is 1 Qubit in terms of TH/s or GH/s, how do i calculate it?
Tell me maybe, how much is 1 Qubit in terms of TH/s or GH/s, how do i calculate it?

2 likes

M
I agree with this thesis, if these are not your keys, you have no right to use them and get rich on someone else's.
I agree with this thesis, if these are not your keys, you have no right to use them and get rich on someone else's.

Machine translated


1 like

I
Of course. Just as we do not give anyone the keys to our home, car or account password to manage on our behalf, also in the case of cryptocurrencies, the highest security considerations must be observed. Sometimes we have no choice and while waiting for the execution of a buy or sell order, we have to allow the stock exchange to take control of our Bitcoins or other cryptocurrencies for some time. However, this time should be as short as possible. Treating the stock exchange as an additional wallet is a mistake because we have no influence on any decisions that will be made behind the scenes. Maybe the stock market will be shut down tomorrow or the owner will run away with the money or die, taking the passwords with him to the grave, as it probably happened in Canada? Or it freezes our funds, demanding a pile of documents about their origin? A hacking attack may also happen, and in this case it depends on the decision of the stock exchange owners whether the lost cryptocurrencies will be returned to us. Therefore, the surest wallet is the one for which only we have the password.
Of course. Just as we do not give anyone the keys to our home, car or account password to manage on our behalf, also in the case of cryptocurrencies, the highest security considerations must be observed. Sometimes we have no choice and while waiting for the execution of a buy or sell order, we have to allow the stock exchange to take control of our Bitcoins or other cryptocurrencies for some time. However, this time should be as short as possible. Treating the stock exchange as an additional wallet is a mistake because we have no influence on any decisions that will be made behind the scenes. Maybe the stock market will be shut down tomorrow or the owner will run away with the money or die, taking the passwords with him to the grave, as it probably happened in Canada? Or it freezes our funds, demanding a pile of documents about their origin? A hacking attack may also happen, and in this case it depends on the decision of the stock exchange owners whether the lost cryptocurrencies will be returned to us. Therefore, the surest wallet is the one for which only we have the password.

Machine translated


1 like

t
Yes, of course the whole truth!
Yes, of course the whole truth!

Machine translated


1 like

E
I agree, kind of yours but whoever has the key rules
I agree, kind of yours but whoever has the key rules

Machine translated


1 like

A
Supposedly. However, not everyone is responsible or afraid of responsibility enough to keep their money in their wallet ;p, and part of the BTC community simply does not pay to send bitcoin to the wallet due to high transaction fees..
Supposedly. However, not everyone is responsible or afraid of responsibility enough to keep their money in their wallet ;p, and part of the BTC community simply does not pay to send bitcoin to the wallet due to high transaction fees..

Machine translated


1 like

k

Yeah, I do agree because if you have your money in exchanges and it collapses like FTX then you have lost it all but if you have your keys then your crypto is much safer.

Yeah, I do agree because if you have your money in exchanges and it collapses like FTX then you have lost it all but if you have your keys then your crypto is much safer.


1 like

O

Yes, I agree with this statement. When it comes to owning and controlling your own Bitcoins, it is important to have control of your private keys. If you do not have control of your private keys, you are essentially trusting a third party to hold and manage your Bitcoins, which goes against the decentralized and secure nature of cryptocurrencies like Bitcoin.

Yes, I agree with this statement. When it comes to owning and controlling your own Bitcoins, it is important to have control of your private keys. If you do not have control of your private keys, you are essentially trusting a third party to hold and manage your Bitcoins, which goes against the decentralized and secure nature of cryptocurrencies like Bitcoin.